Hello. At the moment I am using Quickfile for VAT purposes only. Should I only put actual purchases in and note other expenditure such as paying wage etc. Thanks for your help in advance.
Ideally you should use software such as QuickFile for recording everything (invoices, purchases, bank transactions) to give you a full picture and help generate the figures for your return with minimal work.
Where are you getting the VAT figures from currently?
Hi thanks for your reply.
At the moment we just have a manual spreadsheet, we only have one source of income. We just do a manual leger for outgoings and it is calculated each quarter.
The accountant does our annual return.