Farmplan - Flat rate scheme VAT

Farmplan - Flat rate scheme VAT

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Could anyone help please, we have new client, using Farmplan, not a software i am really familiar with.

We have advised them to switch to the flat rate scheme - but i cannot see that this feature exists within Farmplan. Can anyone suggest a method to use please? The support teams suggestions won't really work, as this would mean either the VAT return or the customer ledger balance would be incorrect.

Any help gratefully received.

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By Moonbeam
13th Jan 2015 16:43

Work around it

Sage for many years didn't have a flat rate option. VT doesn't really either.

So in these cases I just take the elements of the VAT return that are applicable to the flat rate system, and copy them to a spreadsheet where I show the calculation of the VAT for the flat rate scheme.

I then reconcile all that quarter's entries on the software concerned and enter a manual journal for the flat rate figures.

If the client can't be trusted with journals they should be OK with a template type spreadsheet that you give them to calculate the VAT.

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