Profit & Loss accounting for flat rate

[randerson]

I have a client on flat rate VAT. All the settings seem to be correct on the account.
My profit and loss shows turnover broken down into General Sales (with VAT removed) and Flat rate vat sales adjustment. Is there any way I can stop QF taking the VAT off sales and posting this flat rate adjustment? I wanted to present it differently. Does anyone do it another way?

[ian_roberts]

Not if the client is sending their QuickFile-generated invoices to their customers. The document sent to the customer must list VAT at 20/5/0% of net as normal, and the FR adjustment is how QuickFile manages this.

If the VAT invoices they send to customers are generated by a different system (e.g. if their business is selling on Amazon and the platform generates the customer invoice) then you could set up a custom VAT rate in QuickFile by converting their flat rate percentage-of-gross to a percentage-of-net equivalent. Then if you entered invoices into QuickFile as inclusive of VAT at that custom rate, the FR adjustment at VAT return time would be near zero - just the rounding difference between calculating the VAT per invoice vs calculating it on the box 6 total.

[randerson]

Thank you for your reply. Yes the client sends invoices to their customers showing the VAT separately. I will have to adjust their earlier accounts, as I took over part way through the year and earlier invoices were just entered as sales in one amount without vat seperately as they had already been dealt with by hmrc for flat rate.