Not VAT registered


G

G.R.

Hi
I have recently downloaded Office Accounting Express, I am a very small
business (a self employed
artist) and not vat registered. I cant find find a way to use the software
without the associated vat requirements. I have tried to put an E in the vat
field but I need to set the company info., to not vat
registered. Can anyone help?
 
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D

DL

When you set up your 'Company' you need to select 'Not vat registered'

When you produce an Invoice, select View>Modify Layout
go through all the Form Sections in the drop down, then remove the vat
fields

Unfortunately sba uses generic forms & charts of accounts that are not
neccessarily in line with the type of Company you are setting up
PS The UK group is microsoft.public.uk.sba, you've posted to, primarily, a
us group/version
 
G

G.R.

Thanks for your help.
I had found the things you mentioned, the problem now is when I try to fill
a form, like a cash sale,
I get an error message that says “Sales/Output VAT: You cannot post directly
to a VAT account. To adjust VAT, use a line of type VAT and select a VAT
Code. To adjust VAT liability use a Journal Entry with Supplier in the Type
field and select your VAT agency.†I don't understand what to do to resolve
this problem, as far as I can see by setting the company info., to Not VAT
Registered this shouldn't happen.
 
D

DL

Well I dont know where you seeing that, I just posted a cash sale, used E in
the vat code, and it all posted correctly
When you created your Product or Service did you make it Vat excempt?
 
G

G.R.

I found what I may have been doing wrong. When inputting a new product or
service, the field Income account was set to Sales/output VAT when I first
looked at the options for this field it seemed to be the most appropriate.
Now that I have look into it the options for income are more like the right
thing but they have either Early Payment Discount Given or Write Off with
them, so I used Add a new Financial account to set a new category: account
type Income, Nominal name Income and set account VAT code to E. I have tried
this out and it seems to work.
Thank for all your help.
 
H

Headz and Handz

I run a small business selling toys and games and am not VAT registered. My
suppliers, however, are. I was wondering if you know of a way to account for
the VAT paid to suppliers (which obviously I can't reclaim) as, when I gross
up the unit price for my stock valuation I have a value of 115% the
supplier's unit cost, but when I buy the items, VAT is added to the line
total. This results in rounding errors which, as I am not VAT registered, MOA
can't seem to deal with (i.e. I can't just edit the VAT on each line). Surely
it should be possible for me to set suppliers as making Vatable supplies to
me even if I am not charging VAT to my customers?

Any suggestions or comments would be gratefully received!!
 
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D

DL

If you are not vat registered the item is priced / listed as inclusive of
vat, you dont use any of the vat fields

If your supplier gives list price exclusive of vat you need to calculate a
list price including vat for each item
The invoice gross total from your supplier IS the purchase price on that
purchase invoice

Unfortunately when you set up moa and select the 'not vat registered option'
it does not remove the vat fields in any of the forms, or otherwise prevent
you from entering a vat entry field.

PS You posted to primarily the US group, the UK group is; public.uk.moa
 

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