I am just doing my VAT return for the first time using Solar accounts.
I am doing 3 months up to 31/07/2010 and submiting online once complete.
If I select VAt return 3 months to 31/07/10 it will only include invoices (purchase) ones relating to those 3 months but there were a number of invoices from march April etc that werent included in the last one.
I presume this is what sage used the VAT transfer wizard etc for so there was no missing out of invoices that didnt get put into system on time. How does it work with Solar?
Thanks in Advance,
Natalie
Hello Natalie,
That's correct - Solar Accounts will only include the transactions in the VAT period you specify to calculate the VAT return. If you want to include earlier invoices, you have two options:
Manually calculate the VAT from previous invoices and add it to Box 4 when copying the figures to your VAT return .
Get Solar Accounts to calculate the VAT for a 6 month period then subtract the figures you have already submitted for the first 3 months. See this page for details of this approach:
http://www.solaraccounts.co.uk/forum/topic.php?TopicId=413&Posts=1
Regards,
