Doing your bookkeeping

Guidance on how to keep your bookkeeping accurate

Adam Goodall avatar Eva avatar Russell Dias avatar +1
15 articles in this collection
Written by Adam Goodall, Eva, Russell Dias and 1 other
Managing VAT

How do I get started with VAT?

Head into your business profile to enable VAT on your account
Russell Dias avatar
Written by Russell Dias
Updated over a week ago

Do I need to save receipts when I claim VAT?

You will need to keep a record of your VAT receipts
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Written by Russell Dias
Updated over a week ago

How do the VAT rate suggestions work?

The VAT rates we apply to a transaction is primarily based on the Category that’s assigned to the transaction
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Written by Russell Dias
Updated over a week ago

What VAT rate scheme should I select?

You can choose between the Standard or Flat rate schemes
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Written by Russell Dias
Updated over a week ago

How do I apply VAT to a transaction?

Head into your transaction and follow the prompts to record VAT
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Written by Russell Dias
Updated over a week ago

What do the red dots on my transaction list mean?

These are transactions that need your attention
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Written by Russell Dias
Updated over a week ago

How do I add VAT to invoices?

We are currently working on supporting this
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Written by Russell Dias
Updated over a week ago

What do I do if my expense has multiple VAT rates on it?

You will need to manually input the exact amount of VAT paid
Russell Dias avatar
Written by Russell Dias
Updated over a week ago

How do I select 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
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Written by Russell Dias
Updated over a week ago

How do I do a VAT Return?

You can export your data and use bridging software to submit your VAT return
James Trowell avatar
Written by James Trowell
Updated over a week ago