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money
soft
Moneysoft Ltd.
12 Glasshouse Studios
Fryern Court Rd.
Fordingbridge SP6 1QX
08456 444 555
01425 655 777
info@moneysoft.co.uk |
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money manager
business
edition
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VAT
Codes |
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You
can
have
up
to
twenty
different
VAT
codes,
should
you
need
them.
-
for
example
the
standard
UK
rate
of
17.5%
and
the
fuel
rate
of
5%. |
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Entering
VAT |
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When
you
enter
a
transaction,
you
enter
the
gross
amount.
The
VAT
is
entered
in
a
separate
column,
usually
as
a
single
code
(e.g.
0
for
zero-rated,
s
for
standard-rated,
x
for
non-VAT,
blank
for
exempt).
For
part-VAT-able
items
the
actual
amount
of
VAT
is
entered.
When
the
entry
is
completed,
a
box
showing
the
full
VAT
breakdown
is
displayed. |
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VAT
Reports |
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At
the
end
of
your
VAT
period
you
can
produce
a
VAT
report
showing
the
amounts
to
be
entered
in
the
9
boxes
of
the
VAT
return
form.
You
can
also
produce
a
variety
of
reports
designed
to
help
you
make
sure
that
you
have
recorded
all
the
VAT
correctly.
Click to enlarge
For reasons of space this report only shows one month, but it can of
course show any period (including VAT quarters). |
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VAT
Retail
Schemes
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Money
Manager
can
handle
VAT
retail
schemes
(Apportionment,
Direct
Calculation
and
Point
of
Sale)
and
will
automatically
calculate
the
output
VAT
for
the
period
according
to
the
relevant
formulae. |
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Cash
Accounting |
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Money
Manager
can
be
set
to
do
Cash
Accounting
for
VAT,
so
that
the
VAT
on
credit
sales
and
purchases
only
becomes
due
when
the
payment
has
been
made. |
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EC
Sales
/
Purchase
List |
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EC
transactions
are
coded
so
that
the
system
can
detect
them
and
treat
their
VAT
appropriately.
EC
Sales
Lists
and
EC
Purchase
Lists
can
be
produced
automatically. |
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