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Understanding VAT cash accounting

If your business is VAT registered, or about to be, you’ll need to decide which method to use when calculating VAT. Watch our video tutorial to understand the benefits of using the VAT cash accounting scheme vs the standard VAT scheme.

Learn more about calculating VAT based on invoice dates versus invoice payments.

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.