Hi, I hope some-one can help. The company I work for are using the Vat cash accounting scheme, whereby we only account for vat on the invoices which are paid. Recently I had a look at a detailed report of our return to date & I found that it had included invoiced which we have not received payment for.
I have checked the setting for vat in sage & it clearly states that we use the cash accounting scheme, why then is sage counting these unpaid invoices in our return.
Any ideas will be greatly appreciated.