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.

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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?

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