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VAT only use

#1

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.

#2

Hello @MSC

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?

#3

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.