Bringing in self billing invoices, VAT being the problem

Accounting
1

I carry out alot of work thats self billed. Where the companies i work with generate a invoice for me and send it to the end user with my details including VAT number etc…
I also carry out work where i bill direct out of quickfile.

I used to create duplicate invoices each month for 50-100 clients but have stopped doing this as its very time consuming. Instead i’ve created a journal with the figures in. But now i realised quickfile VAT return function doesn’t pickup these figures.

952×236 52.2 KB

What would be the best way around this? To still use the quickfile VAT return feature as its brilliant and saves me so much time

2

Rather than using a journal I would recommend posting this to a single sales invoice. As you mentioned, our VAT return calculations are derived from invoices and any journals would not be picked up.

You can create a client called “Generic Self-Billing” and post cumulative amounts to a weekly/monthly invoice. As long as you have sufficient backing records to account for the VAT totals that should be fine, you can even upload these as an attachment to the invoice.