Bookkeeping question
I think there are some bookkeepers/accountants out there who may be able to help with this one.
SWMBO does bookkeeping for various clients using Quckbooks Pro. One client is registered for VAT in UK, Ireland and France which causes some problems because QB is happy with multi-currency and multi-company, but won't have anything to do with multi-VAT regimes whatsoever. This means that Christine has to finalise the UK VAT return and then sort out the French and Irish VAT on Excel and enter the results into QB which messes up the UK VAT figures. They each have different reporting periods as well. Malcolm |
Firstly I am not that familiar with Quick Books.
However have you tried setting up different VAT accounts for each foreign business so that you have somewhere to post the results of the excell spreadsheet without interfering with the UK VAT position. That should cure the foreign business VAT messing up the UK's. Will QB allow you to do that ?? |
Bookkeeping question
What is AR balance? Cam anyone guide me about this
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Quote:
Do you want the version that blames the EU, Scotland, the Welsh, refugees, politicians.... or the ordinary version? :} If the latter, see... https://www.investopedia.com/terms/a...receivable.asp |
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