Quick question, as having a doubting myself moment here! One of my clients has ceased to be VAT registered (as from the end of July, year end is end of August). The accountant has just sent me a journal for accruing her fees for last year, but has given me the net figure of her invoice. Obviously if my client was still VAT registered then this would be fine, but shouldn't I accrue for the whole amount of her fees including VAT?
Come to think of it, I don't think my client has told her that she has de-registered!
If the accountant has given you the "year end" journals, then you are balancing Sage to the accounts, so you should stick with her figures, unless you intend to tell her to change the accounts. Any under/over provision should get swept up when the current year accounts are done, and the accountant realises VAT registration has ended - so I wouldn't have the accountant revising (and charging) for small amounts.
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