When you’ve completed your business accounts, and the end of the financial year approaches, our team will contact you to advise that it’s time to prepare your annual return. When ready, make any final checks to your data and then head to the Main Menu within your cloud accounts and…
The Shop Sales section has been added as a new function within the monthly summary screens on our Essentials and Advanced cloud accounts system. At the end of each group, or each week, this section can be completed from your local records if you wish to keep up to date…
Countdown Extensions (or ‘gift voucher purchases’) in group can cause additional complexities as the money is transacted three times as part of a normal process. This is explained in our dedicated article. In our 24/25 Cloud Spreadsheet, we’ve included a dedicated section on your Monthly Input Screen to make this…
When adding expenses to the monthly summaries, you can add a category against specific items. Although this is optional, the system will generate a report showing the total spend against each category. Standard Categories As standard, the below categories are available on Cloud Accounts systems. Categories Example expenses Communications Mobile,…
Sometimes you may need to contact HMRC. There’s a number of routes available. Web Chat The easiest way to speak with someone at HMRC is usually through the webchat function available on their website You can download a copy of any transcript with the web chat agent at the end…
Our VAT system is setup with two key business functions: The cloud accounts system has a different page depending on the option used, as well as space for logging simplified expenses. Related articles:
The VAT Return Summary provides an overview of your account for the relevant VAT Quarter, based on the information provided within the cloud accounts system. Box 5 shows the total amount due (or for refund) The codes are: VAT Box Description 1 VAT due in this period on sales and…
This screen provides a section to log any mileage you’ve encountered during the relevant months, and any Working From Home allowances. Mileage Eligible mileage can be entered in the box above as the relevant figure – in the example above, we’ve logged 37 miles for the month of April 2023….
Output VAT is added to the price when goods and services are sold which are liable to VAT and known more commonly as Sales (or income). The fields should be completed as below: To enter a item, simply add the details to the next available row in your spreadsheet as…
Input VAT is added to the price when goods and services are purchased that are liable to VAT and known more commonly as Purchases (or expenses). The fields should be completed as below: To enter a item, simply add the details to the next available row in your spreadsheet as…