Doing your bookkeeping

Guidance on how to keep your bookkeeping accurate

Adam Goodall avatar Eva avatar Steff avatar
20 articles in this collection
Written by Adam Goodall, Eva, and Steff
Managing VAT

How to get started with VAT

Head into your business profile to enable VAT on your account
Eva avatar
Written by Eva
Updated yesterday

The VAT rate schemes

You can choose between the Standard or Flat rate schemes
Eva avatar
Written by Eva
Updated yesterday

Cash accounting basis for VAT

The method adopts the approach that you will pay your VAT on the invoices that you have received rather than when they have been raised
Eva avatar
Written by Eva
Updated today

Adding VAT to invoices

We are currently working on supporting this
Eva avatar
Written by Eva
Updated yesterday

Applying VAT to a transaction

Head into your transaction and follow the prompts to record VAT
Eva avatar
Written by Eva
Updated yesterday

VAT rate suggestions

The VAT rates we apply to a transaction is primarily based on the Category that’s assigned to the transaction
Eva avatar
Written by Eva
Updated yesterday

My expense has multiple VAT rates on it

You will need to manually input the exact amount of VAT paid
Eva avatar
Written by Eva
Updated yesterday

Selecting from a full list of VAT rates

Head into your transaction and tap on the + icon after expanding the VAT rate selector for the relevant transaction
Eva avatar
Written by Eva
Updated yesterday

Red dots on my transaction list

These are transactions that need your attention
Eva avatar
Written by Eva
Updated yesterday

Saving receipts when I claim VAT

You will need to keep a record of your VAT receipts
Eva avatar
Written by Eva
Updated yesterday

Doing a VAT Return

You can export your data and use bridging software to submit your VAT return
Steff avatar
Written by Steff
Updated yesterday