Hi. Is it correct that the Year End Process doesnt seem to support ‘cash basis’ accounting? I have seen similar posts to this but they are now very dated so wanted to check the current state of quickfile support. Is the best way to get the year totals (for self assessment) by manually noting down the sales and purchases payments pages (this wouldn’t include flat rate vat adjustment etc), or is there a better way to do this? Or am I doing something wrong? If not it seems like a pretty major feature is lacking from an otherwise great service.
This would certainly work yes, these figures could then be input into your tax return if you are reporting on a cash basis.
We are planning to extend our range of cash based reporting tools in Q2/Q3 of this year. These new cash based reports will do some of the manual adjustment for you (e.g. Flat Rate adjustments) and will hopefully provide you with the detailed figures you can plug straight into your Tax Return.
thanks for the quick reply, and thanks in advance for looking at the tools.
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