Switching from VAT Cash Accounting to Accrual Accounting

When i set up the account I set the accounting as Cash accounting, however after having a talk with my accountant he tells me it should be accrual accounting. I have tried to change the setting, however i am unable to do so.

How do i go about doing this.

Thanks in Advance

Mohsin

I think you may be on flat rate VAT at the moment? Uncheck this first, you should then be able to switch to the accrual method. Be careful when filing your next return, you will likely need to make some adjustments before submitting, download the calculations and double check with your accountant.

EDIT

The note to be careful really only applies if you have already filed Flat Rate or Cash VAT returns on the system. I don’t think however this is applicable in your case…but do double check the figures.