Bookkeeping question

oakridge · 12th February 2008, 09:25

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

David3807 · 12th February 2008, 19:52

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 ??

jamesmcgrill · 23rd June 2022, 16:24

What is AR balance? Cam anyone guide me about this

MSS · 23rd June 2022, 16:41

Quote:

Originally Posted by jamesmcgrill

What is AR balance? Cam anyone guide me about this

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

12th February 2008, 09:25	#1
oakridge Loves to post Toyota Prius III T-Spirit Join Date: Apr 2007 Location: Rotherham Posts: 277 Thanks: 0 Thanked 1 Time in 1 Post	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

23rd June 2022, 16:24	#3
jamesmcgrill Newbie Rover 75 Tourer Join Date: Jun 2022 Location: UK Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Bookkeeping question What is AR balance? Cam anyone guide me about this

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

12th February 2008, 19:52	#2
David3807 Posted a thing or two 2002 R75 Conn SE 2.5l Auto Tourer, 2001 R75 Conn SE 2.5 Auto Saloon Join Date: Nov 2006 Location: Gravesend Posts: 1,897 Thanks: 0 Thanked 2 Times in 2 Posts	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 ??