Member Since: 31st Jul 1998
7th Aug 2020
From earlier posts, OP has been paid on first of following month and is referring to pay in August rather than for August.
3rd Aug 2020
To give you comfort, you were not the only one. :-)
30th Jul 2020
I am surprised by that as a client has considerably in excess of 50,000 invoices and has done so for at least 6 years without any data corruption problems (famous last words!).
29th Jul 2020
I know exactly what you mean but not what I was intending to imply in this case.
There is some resistance to streamlining the existing systems - a mixture of the classic "we've always done it this way" and "it doesn't take long", to fear about becoming unncessary and being out of a job. The latter is unfounded and the former is being whittled away by showing them the benefits.
29th Jul 2020
This is an interesting discussion as I am having a very similar conversation with a client who has been encouraged to put in Xero. A much smaller busness than the OPs but surprisingly complex for its size with multiple diverse business streams. Bespoke software features in at least two of these streams.
They run an old version of Sage and in fact are the last of my clients on Sage (most of the rest are on Xero or VT).
The Sage inputs are largely fairly automated uploads. There are some exceptions (purchase ledger is the main one but the volume is small). There are some further areas that could be streamlined but there is a bit of internal resistance which is gradually being overcome. And, although of fairly minor consideration, there are no direct running costs. There are of course areas which would be slicker in Xero
The system happens to suit them very well and I am really struggling to see the overall benefit of a change especially as the work involved in the change would be substantial.
27th Jul 2020
I agree a material error should be subject to a PYA. However this should be the case whether audited or not.
21st Jul 2020
Had one with negative output VAT recently and shown as such in Box 1. There was a large refund due anyway which HMRC queried (sorted within 24 hours); no problem with a negative Box 1 though and no questions asked about that or its cause. Others in the past have gone through without query.
Treating a negative output as an input could make either the Box 4/Box 7 relationship or a turnover reconciliation look odd (depending on whether the negative amount is taken through Box 7 or Box 6).
14th Jul 2020
Can't see the point of measuring to the nearest 0.1 given the inherent inaccuracies in odometers and GPS - spurious accuracy. OK if you're just trying to establish a percentage I suppose.
14th Jul 2020
6th Jul 2020
Thank you Lion. That was useful - I was broadly on the right track with my thinking. Since my clients are corporate, I hadn't fully thought through the s/e implications for future years.