I’m in the process of moving from FreeAgent over to Quickfile. Very happy so far, but I’m stuck on something and was wondering if anyone had a solution.
I receive payments to my bank account from Stripe, but these payments lump together various customers from various countries, with varying tax liabilities etc.
To get the HMRC VAT return correct, in FreeAgent I add a couple of journal entries to move the relevant Stripe calculated UK VAT amount between the Sales and VAT nominal accounts, but I understand that Quickfile doesn’t include journals in the VAT return calculations so that approach won’t work here.
I see there’s a manual adjustment tool on the VAT return boxes themselves - is that a reasonable thing to use, or is there a different preferred way of handling this type of situation?