Clearbooks VAT Return

Clearbooks VAT Return

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Hi

Using Clearbooks for a client to prepare a VAT Return.

Around 100 VAT invoices for the previous qtr have now been provided. Previously whilst doing the bookkeeping for the prior qtr, I analysed the bank statement and allocated these 100 payments with 0% Vat (as no invoices) and included them in VAT return (so no VAT  claimed).

How would i now show the input tax claimable in the vat return on clearbooks, as I cannot delete these payments and change the vat to 20% and previous qtr VAT return is locked.

Thanks

Replies (4)

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Chris M
By mr. mischief
01st Oct 2015 17:22

Use Clearbooks userr help!

I can think of about 3 solutions, but they should be able to advise you on the best one.  Note that in my view the Clearbooks VAT module has fundamental flaws, see previous posts of mine on this subject.

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Teignmouth
By Paul Scholes
01st Oct 2015 21:41

Agree & Disagree

Hi Phil - As mr m suggests, support is your best bet, although my own solution in the past with this sort of thing is to process a journal entry in the next VAT period, debiting VAT control & crediting the expenses, with the VAT to be claimed, remembering to tick the "Include in VAT return - Purchases" boxes.

mr m - do you want to let me have links to your previous posts about ClearBook's VAT, I answered your post from last November and, as you didn't comment, assumed those issues were settled.

There may well be more, so let me know, a PM would be fine.  CB spend a huge amount of their development time on VAT but they can only respond to problems if they are told about them.

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Chris M
By mr. mischief
02nd Oct 2015 07:48

I always ask support first before going onto a public site

There were a few sales postings which had gone through TB sales but were not in the VAT return.  I sent copies to the support team but, unlike most queries, it all went quiet after a few days...

So a reconciliation between sales in the TB and the VAT return is now part of the extra checks I build in each quarter.  I adjust any differences attributable to the report not picking up transactions by journal.  It's been a few quarters since the last one, but just the possibility that this can occur is not great.

 

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Teignmouth
By Paul Scholes
02nd Oct 2015 09:56

Thanks for that.  As you may know I consult for CB and so will check with the guys there over this issue.  It's not happened with my books or any of my clients, that I know of, and so it would be good to know that any bug identified has been resolved.  

Are you able to PM me with your practice name so that we can track down your queries?  Promise it will stay confidential.

Are there any other VAT issues you want to pass by me, again PM me if you want to about this or anything else.  Believe it or not, it's only a small proportion of people that actually get animated and so the more feedback the better as the software is being developed every week.

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