Firstly - this is a very effecient piece of software - I am very impressed and I have used many packages.
But, can I post money on a/c. A regular standing order is paid to a service provider and then at the end of the year an invoice will be raised for VAT purposes and control. Can you advise.

Regards
T

Hi Tina,

Thanks for the positive review - we're glad you like our software!

Solar Accounts has limited support for payments on account. The best solution is to create a new Asset account called 'Prepayment to Supplier X'. Then create a Money Paid Out transaction each month, allocating to this account. At the end of the year create an Invoice Payment using this asset account rather than the usual Cheque Account.

I hope this makes sense - please let me know if you need more information.

Regards,

Hi Mark

Thanks for that, good idea!! Will set it up - at lease the payment is posted from the bank and recorded.

Thanks again

Tina

No problem! Please let us know how you get on with Solar Accounts.

Cheers