Linking two accounts for VAT

[jm23bg]

I run two businesses on separate quickfile accounts, is there any way to link them together for a full report to go to HMRC Vat??

[QFSteve]

Hello @jm23bg

Unfortunately It is not possible to do a multi company submission using QuickFile.

Each company would do its own submission independently.

[jm23bg]

Its only one company, but I expect I could use your bridge??
Is there details instructions how to merge the spreadsheet from both??

[QFSteve]

Hello @jm23bg

You could generate the vat return in both QuickFile accounts and export them to excel.
You would then add the values for the respective boxes 1-8

Can I ask, why was it that you have 2 QuickFile Accounts for 1 Company?

[jm23bg]

Hi

Up until now I have been adding one as a manual adjustment, but I thought you were not meant to do that??

Can you advise??

John

[jm23bg]

Two type of businesses, with own trading styles and names, but still under one company.
Ie No1 Joe Bloggs Ltd, No2 Joe Blogs Ltd T/A Mickey.

[QFSteve]

Hello @jm23bg

Each QuickFile account should be for each “Company” as a legal entity.

QuickFile has the ability to use different trading styles.
I have attached the support article below
https://support.quickfile.co.uk/t/custom-trading-styles/8831

You could generate the vat return in both QuickFile accounts and export them to excel.
You would then add the values for the respective boxes 1-8

What I meant is you could do this then use the Bridging Module to submit

[jm23bg]

Hi
Is filling in Manual adjustments by hand to the Quickfile vat return, to add the other vat amounts, against HMRC regulations??
You can set up two trading styles in Quickfile, can I separate the accounts to view them separately, that would be good??

[QFSteve]

Hello @jm23bg

Is filling in Manual adjustments by hand to the Quickfile vat return, to add the other vat amounts, against HMRC regulations??

I would say that its not really permitted, You can check with HMRC.

You can set up two trading styles in Quickfile, can I separate the accounts to view them separately, that would be good??

When processing the accounts you could tag transaction to a Project.

You can then report on the Project

More information below
https://support.quickfile.co.uk/t/projects-in-quickfile/8858