Can VT support Sub Contractor CIS Accounts

VT does not handle CIS automatically, but it is fairly simple to work out a manual method.

I find the easiest way to keep track of it is to create a new dummy bank account called 'CIS suffered'. This can then be transferred to the Creditors-PAYE/NI on a monthly basis for offsetting.

There is some detailed help on how to enter CIS invoices in topic 2.19 in the user guide (same as the help topics).

Philip Hodgson
VT Software

I would suggest Shirley's is an easier method than entering deductions on invoices. Not least because CIS reporting is on a cash basis and therefore the account entries will tie up better with Returns.

when posting a SIN you post the gross sales, and the tax/cis deduction as a -ve entry on analysis line coded to other creds/cisland.

on purch it's the same but other way round obviously.

it's not really a vt issue, more a defect in qbooks/Sage?

HOWEVER i think the REAL question is

"how do i keep all the teeedious records to do cis right?

ANSWER

buy money manager/payroll manager payroll package. it's cis section runs cis serfs in a separate section and is sooooo eeeeasy 2 use. it makes the painful online filing simplicity itself, and u can produce the payment certs for the herberts, and get meaningful data out to write up VT.