UK MS Money for VAT

[James Patterson]

Hi Folks,

Going slightly mad here,

I've used MS Money since 2004 when I started trading.

Last year I've had to go VAT registered.

I have used the sales tax on invoices - this is showing and recording what tax is due, which is working fine, and polling to the "Sales Tax" account. Brilliant.

PROBLEM!!!

All my expenses are entered as gross, and then as such, they have not been accounted for with the VAT paid......

The version I have been using is a US version, and its never been a problem, perhaps until now.

I have April 20014-15 year with a fair bit of work to do, but now not being able to get this to work, I'm struggling


I have enabled VAT, I have selected the categories, and have done some tests, telling it the VAT paid on the gross purchases, but cant find what it's doing with that information anywhere........


Anyone come up against the same???

 

[James Patterson]

Spent some more time on this,

Seems like i'm fighting a loosing battle

Anyone suggest a good reliable system to move over to?

Thanks