Flat rate scheme for UK vat for Office Accounting

[Peter]

Office Accounting needs a separate button for the flat rate scheme. You
cannot post direct to the vat account so adjusting the vat account does not
work. It is necessary to have a flat rate scheme button that you can click on
that will allow flat rate vat returns to be prepared. The difference between
the vaat at the standard rate and the flat rate on outputs will then be
transferred to an income suspense account and when the vat return is prepared
the vat on inputs will be debited to the income suspense account. Only in
that way will the accounts and tax return - when this is prepared - be
accurate.

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http://www.microsoft.com/office/community/en-us/default.mspx?mid=35524ce6-5f13-4c19-8907-3c38fd7ab050&dg=microsoft.public.sba.sdk

[GTSageDev]

Have you seen this article?
http://sba.microsoft.com/apnews/thuneby.oatipsandtricks.asp#3

This was discussed in the microsoft.public.uk.moa group (or was that also
you???)

You can post direct to the VAT account by selecting line type VAT in the Journal
Entry screen.

Geoff

Post by Peter
Office Accounting needs a separate button for the flat rate scheme. You
cannot post direct to the vat account so adjusting the vat account does not
work. It is necessary to have a flat rate scheme button that you can click on
that will allow flat rate vat returns to be prepared. The difference between
the vaat at the standard rate and the flat rate on outputs will then be
transferred to an income suspense account and when the vat return is prepared
the vat on inputs will be debited to the income suspense account. Only in
that way will the accounts and tax return - when this is prepared - be
accurate.
----------------
This post is a suggestion for Microsoft, and Microsoft responds to the
suggestions with the most votes. To vote for this suggestion, click the "I
Agree" button in the message pane. If you do not see the button, follow this
link to open the suggestion in the Microsoft Web-based Newsreader and then
click "I Agree" in the message pane.
http://www.microsoft.com/office/community/en-us/default.mspx?mid=35524ce6-5f13-4c19-8907-3c38fd7ab050&dg=microsoft.public.sba.sdk

[D. Gabriel]

There's a very good discussion regarding UK flat rate VAT on one of the
Office Accounting Blogs -
http://blogs.msdn.com/thuneby/archive/2009/03/03/flat-rate-vat-in-office-accounting-uk.aspx

Post by Peter
Office Accounting needs a separate button for the flat rate scheme. You
cannot post direct to the vat account so adjusting the vat account does not
work. It is necessary to have a flat rate scheme button that you can click on
that will allow flat rate vat returns to be prepared. The difference between
the vaat at the standard rate and the flat rate on outputs will then be
transferred to an income suspense account and when the vat return is prepared
the vat on inputs will be debited to the income suspense account. Only in
that way will the accounts and tax return - when this is prepared - be
accurate.
----------------
This post is a suggestion for Microsoft, and Microsoft responds to the
suggestions with the most votes. To vote for this suggestion, click the "I
Agree" button in the message pane. If you do not see the button, follow this
link to open the suggestion in the Microsoft Web-based Newsreader and then
click "I Agree" in the message pane.
http://www.microsoft.com/office/community/en-us/default.mspx?mid=35524ce6-5f13-4c19-8907-3c38fd7ab050&dg=microsoft.public.sba.sdk