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 subcontractorās payment, start with the total (gross) amount of the subcontractorās invoice.
Take away any of the following the subcontractor has charged for:
- VAT
- materials
- equipment which is now unusable (āconsumable storesā)
- fuel used, except for travelling
- equipment hired for this job (āplant hireā)
- manufacturing or prefabricating materials
- Finally, deduct the CIS percentage rate (as given to you by HMRC) from the amount left. Youāll 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 Ā£500 gross and Ā£400 payable, but it could easily be Ā£500 gross and Ā£350 payable.
If you have any doubts Iād 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 couldnāt 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 weāll 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 didnāt use qf because it doesnāt 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.
Iāve 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
Iāve 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 inā¦even as a small upgrade chargeable service!
We took have used payroll manager by Moneysoft for the last 10 years or so and itās amazing at handling cis and payroll. Really cheap and simple to use too. Shame that QF and Moneysoft havenāt put something together.
