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I have been instructed to change the accounts system from Cash accounting to Accrual accounting. Has anyone done this before and/or have any words of advice? I've read the instructions but would value personal opinions / advice if possible. This is an…
Hi
New to the group. New to Sage. The old rules for VAT were the 2/3rd rules if Sales Invoice was 2/3 materials 23% VAT applied if more labour than materials 13.5% VAT applied.
Can't get through to Revenue, nor getting an answer through my enquires…
Just that really - there are some old debtors that I want to write off, but when I use the "write offs and refunds" wizard I get a warning not to use with cash accounting as the VAT won't be calculated.
So how do I write these off please?
I am the intermediate supplier in a triangulated transaction. All parties satisfy the demands for the simplified procedure. I report our sale on the ECSL and do not report any of the figures on the VAT return as per VAT notice 725 section 13.7 step 6…
