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Pro-Lock
January 6, 2020
Question

VAT 101 Report

  • January 6, 2020
  • 1 reply
  • 0 views

Hi

 

Does anyone know why a VAT 101 report only shows invoices that have been marked as paid? What happens to others that have not been paid yet and how will these be picked up in future reports? We want to run a monthly report. Thank you

1 reply

A
Ashleigh1
January 6, 2020

Hello Pro-Lock,

 

 

The transactions which will appear in the VAT 101 are dependent on the VAT accounting scheme entered within the VAT settings on the Taxes page.

 

If the standard method is chosen, then all invoices and bills paid and unpaid will post to the return. 

 

If the cash method is chosen, then only invoices and bills which have been marked as paid will display here. 

 

 

Thanks 

 

 

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