I will need to register for Vat soon and after searching through posts I think I have some understanding on what I may need to do.
Once I get my Vat registration and entered into quickfile and chage any relevant setting all future invoices will have vat and any invoices already in the sytem within the Vat period will be accounted for as having Vat. I will then have to do a manuel adjustment out of the Vat prior to registration date. Please correct me if I am wrong
My web side which has payments made through Paypal and Stipe are intergrated into quickfile and is automatically accounted for, my question is. My web site prices at the moment is not set up with Vat will I need to change that or if a payment of say £100 is made will quickfile account it as £83.33 sales and £16.67 Vat?
Any help and advice appreciated.