Hi
Have entered all my transactions and when i get a summary it correctly shows the vat that is owed.
For some reason when compiling the vat return, the return is out - two general transactions do not appear.
Hi Martin,
Check that the VAT period is the same in both cases. Does that resolve the problem?
Regards,
I think my problem is how i have posted the transaction - the payment for gas and petrol was posted via general transactions, should these transactions be set up as purchase invoice accounts?
Hi Martin,
Yes - Solar Accounts treats all General Transactions as 'Out of Scope' so they have no effect on the VAT return. Instead, create a Money Paid Out transaction with the Type field set to 'General Payment' and the VAT Treatment field set to 'Purchase of Goods or Services from UK Supplier'.
Regards,
Is it possible to run a out of scope report to check anything which may have been posted incorrectly.
Hi Tom,
No, Solar Accounts doesn't have a report specifically designed to show out of scope transactions. However, you could export your transactions to a CSV file then use the filter feature in Microsoft Excel to only show transactions where the VAT Treatment column is zero or the Type is 'General Transaction'.
Regards,