apologies for the newbie question, I’m sure I’m missing something basic here,
basically I manage all my invoices manually and I intend to use quickfile mainly for VAT accounting.
before I’ve used excel as I only have a couple of clients under vat scope so my vat is fairly uncomplicated.
anyway, to this end I’ve imported my bank statements for the vat period, updated a starting balance and tagged everything in 2 main client categories: income from clients to which I charged vat and non vatable ones. same for expenses.
however when I go to vat reporting the system seems to be considering the entire revenue rather than filter out the non vatable elements.
not sure if it requires invoices to work properly or how should I go about this? currently I’ve set quickfile to cash accounting.
many thanks in advance!