Logging VAT on Gross Sales

[gary_c_coughlan]

This is probably an accounting question but also a Support question

We are a Cafe and have just registered for VAT. (Flat Rate Scheme)

Until now I have been recording Daily Sales invoices as printing from our Z reading from the POS system. By Category - Food sales, drink Sales, Non Vatable sales

The POS records VAT on Each Item based on it being a zero or 20% rated Item. and gives a second read out for Tax split (gross) & Tax Breakdown (Total net sales & total Tax)

However when logging the Vat on the quickfile I need to put in the Net Sales, then select the VAT rate & it will calculate total. I also need to Do this on All daily invoices back to the 1st of june.

Can I change the Quickfile system to Calculate VAT on Gross sales? I would be Awsome if I could fill in the Total column apply the 20% VAT rate & Quick file would fill in the Net…

Any Suggestions?

[Lurch]

@Glenn

Perhaps not the ideal solution but it may help for now…

When using the bulk invoice entry form you can input the gross amounts on the far right hand column and it will work back to the NET.

http://community.quickfile.co.uk/uploads/default/original/2X/4/449e244b51656d44cbecfef5f3024eb6292eda0d.png

You can create just one invoice using this method then edit further if needed.

You might want to add your vote to this thread also.

[Glenn]

I think this is something we will look at in the short to mid term, although in the interest of minimising duplicate threads have a look at the topic @Lurch points to above.

I will close this one for now.