Forum Message

VAT Registration and Migration Inquiry

Hello,

I would like to enquire is your online package for VAT registered businesses £25 plus VAT?

Thank you



Posted by Belinda Mitchell on Jan 27, 2022 5:24 PM GMT

Hello Belinda,

Yes, you can manage a single VAT-registered business using Solar Accounts
Online for £25 + VAT per month.


Posted by Solar Accounts Customer Support on Jan 28, 2022 10:32 AM GMT

Hello Mark,

Thank you for your reply.

Is it pretty easy to migrate accounting from previous year over onto online Solar? We have solar offline and were ceasing to trade so cancelled VAT and started rounding up but managed to get a new contract so 5 months on have not registered for VAT and within our Solar Package if we change Company info on VAT it effects all previous invoices too.

So. was thinking to sign up again for a new licence with our New Vat Number and then migrate all balances forward to start a new rather than bring all info across.


Is this manageable/

Kind Regards

Belinda


Posted by Belinda Mitchell on Jan 28, 2022 12:48 PM GMT

Hi Belinda,

I think the simplest solution would be to set up your online account and
import all your existing data as described on this page:
https://www.solaraccounts.co.uk/upgrade

Yes, the older invoices you created when you were not VAT registered will
now have a 'VAT' column, but the VAT amount will be 0% and the treatment
will be 'Out of Scope' so they will not affect your next VAT return.


Posted by Solar Accounts Customer Support on Jan 31, 2022 12:07 PM GMT

Hi Mark,

The old Invoices- were were VAT registered, we had a period of 5 months were were not trading and de-registered VAT so when updated Company info and add in my new VAT number it changes the VAT number on all my previous invoices hence me thinking keep the old offline system separate and then start a new with balances b/f?

Regards
Belinda



Posted by Belinda Mitchell on Jan 31, 2022 12:46 PM GMT

Hi Belinda,

Ah yes I see the problem now. OK in that case here's what I suggest:

  1. Enter all transactions dated before your new VAT registration date into your old business file

  2. Create a Trial Balance report dated the day before your VAT registration date

  3. Set up a 'new' business in Solar Accounts Online with the new VAT number

  4. Go to the Accounts list and set the opening balance of each account to match the Trial Balance figure

Would that work for you?


Posted by Solar Accounts Customer Support on Feb 1, 2022 9:44 AM GMT