Becoming VAT registered

Hi,

I have recently registered for VAT registration and wondered how easy it is to cross over and the best way to alter accounts to suit.?

Posted by Mick on Apr 7, 2010 5:34 PM BST

Hi Mick,

Just click menu Setup > Contact Details & VAT > Registered for VAT. All existing transactions will be 'out of scope'. New transactions with a non-zero VAT rate will use the VAT Liability account to keep track of how much is owed to HMRC.

Cheers,

Posted by Mark McLaren (Solar Accounts) on Apr 7, 2010 5:49 PM BST