I've recently started working for a new client which has all been going well until he recently told me he's on the cash accounting scheme not the standard scheme.
This wouldn't normally be a problem but as I have now entered lots of transactions on sage I cannot change the vat scheme until i've done a vat return!
Obviously he doesn't want me to submit a standard return so how can I go about sorting this without actually submitting a standard vat return?
I would say it would have to be a manual calculation using the audit reports -maybe export the reports into excel for ease of sorting and calculating the figures then close of the vat return and change to CA
You could credit note the items that are unpaid, run the report, reconcile, change the setting, then repost the invoices? Then they will clear to the return once paid.
-- Edited by FoxAccountancyServices on Tuesday 29th of April 2014 01:54:13 PM
