Any news on this feature ? been a just on 9 months and still no news. we love this application bur as we start to develop the lack of CIS might prompt the accountant to advise the director to look else were. Not something i am keen on but if needs must.
Even if QF was to release in stages. ie basic auto deduction of 20% for subcontractors if a box is ticked and it gets posted to the right nominal account
Then bring in reporting at a later stage.
I’m afraid this is not something we’re currently working on right now. I hope that we can look at this further at some point in the next 3-6 months, but I’m afraid I can’t provide any guarantees.
We do have a fairly low maintenance solution at the moment for CIS contractors (see here for more details), this involves posting your gross sub-contractor payments to a holdings account, then when the NET payment leaves your bank account this is tagged as a transfer to the CIS holdings account. This allows you to conveniently track any CIS related liabilities.
I doubt that we’ll go down the route of offering a check box as it requires a significant overhaul of some underlying systems to make that work. We will however seek to extend the reporting side and possibly allow CIS returns to be delivered electronically to HMRC.
Glenn
i have taken a look at the work around and it seems to work for the most part so i am running a trial with this current periods data. now i can get what i actually owe and what is owed to match. now i think this might be two factors one. we have some subcontractors that are vat registered and two we have some that have materials and labour and of sources CIS applies to just the labour. and idea how to get around this ?
The following section of the HMRC guidance may help here (src):
How to make a CIS deduction
To make a deduction from a subcontractor’s payment, start with the total (gross) amount of the subcontractor’s invoice.
Take away any of the following the subcontractor has charged for:
- VAT
- materials
- equipment which is now unusable (‘consumable stores’)
- fuel used, except for travelling
- equipment hired for this job (‘plant hire’)
- manufacturing or prefabricating materials
- Finally, deduct the CIS percentage rate (as given to you by HMRC) from the amount left. You’ll be left with the net - amount you need to pay the subcontractor.
Whatever CIS you deduct will determine the NET amount you pay to the subcontractor and the figure transferred from your current account to the CIS holding account.
The example in the guide uses £500 gross and £400 payable, but it could easily be £500 gross and £350 payable.
If you have any doubts I’d recommend running it by your accountant just to be sure.
Hi, I already have CIS as an item on my invoices, is it possible to do a search by item so I can find all invoices with CIS? I just tried the work around posted above, but couldn’t get my head around it. Any help would be appreciated.
Hi @Laura1
If there are particular details you can search (e.g. invoice name, client name etc.), you could do an advanced search on the invoice screen:
There are also 2 articles for CIS in our knowledge base which may be of some help:
Hope that helps!
KASHflow dose provides CIS are there others that do a full inclusive CIS option, as Quickfile is limited been like it since it onset just advising work arounds rather than dealing with the issue which needs to be easy and simple.
Having the CIS implemented would greatly help many users.
Any chance of getting it implemented?
@OvidiuS - There are no updates here at the moment, but we’ll certainly update this post if there are any updates.
Guys i know this is only relevant to companies who have a number of CIS contractors and that is not the ideal way but we have just gone over to a new payroll system called payroll manager by moneysoft it takes care of all of our CIS for us so we now all we do is create a purchase an input a line that is a Minus CIS line, then at the end of the period and we have our CIS totals we just do a quick journal to adjust the subcontractors and the CIS account. we find this a lot easier than current work around
@OvidiuS This is a marketplace app we are looking at building so hopefully should be sorted in the next couple of months
Let me know when CIS is added, a new client didn’t use qf because it doesn’t have CIS
Hi,
As QF is the best, easiest, efficient and robust accounting software in the market, it would be gr8 that there is a default option for CIS contractor and subcontractor calculation.
I’ve seen the way it can be carried out, which is an option but would be gr8 if that is automated.
Regards,
Momin
Just want to add a +1 in here for CIS integration
Is there any possibility to include a specific feature for those of us that have to deal with CIS? When logging payments from contractors obviously the payments are always left as partial as there is no function to account for the amounts taken in CIS tax.
It would also be good to have a feature for working out what sub contractors are owed after CIS is taken from them and then have something that would issue them with a receipt.
Thanks Keir
Hi @gingertw
I’ve merged your post into the original feature request so we can keep track of the interest here.
Another user interested in this feature.
i desparately would like to see this added in…even as a small upgrade chargeable service!
