Well you can back date claims to the 1st March as long as people met the criteria of a furlough employee.
Which is what we are working with our regulatory body with to get real clarity for temporay workers. This is why currently we have a delay (not just us) in determining who and what qualifies for temporary workers.
And sadly, this appears to be holding up our permanent payroll claim.
Well currently they are not on a position of furlough, but they can be and back dated to the 1st March.
Predominately the position of holiday pay, as it stands this is left for the company to pay and could cost recruitment companies thousands. This is the main reason why a lot have refused to place any on furlough.
But also it doesn't appear to be assignment specific, so in that case someone who is live on payroll who last worked first week in February appears to qualify, but what is the cut off? The guidance states it needs to be specifically impacted by the coronavirus.
This then raises the integrity of average. There are so many different and specific situations. It's fine to just take a view of the rules but it's a lot of money at risk should it be investigated and for a technical issue not be deemed to be relevant.
Sorry if it wasn't clear but it was merely to be pointed in the direction of any information that is possibly out there. I thought this was a forum for that.
I'm not asking for any professional advice on here, i'd merely just like to educate myself of any possible options before I contact our profesional advisors.
Our CRM is a software that the company uses to manage all details of customers, all transactions, all documents - pretty much the business.
We currently import all transactions (Sales orders / Sales Credits) from our CRM daily and invoice from our accounting software. (Sage50C)
However, the question has been raised due to the capabilities of our front end software (which can be thought of as an order processing tool for this part) that can invoices and the sales ledger be managed on that and then a daily invoice raised without the details of all sales taken that day.
I wasn't aware of the Retail Scheme for VAT - I now am. And I am effectively asking can we operate like that. However, as the company I am referring to is not classed as Retail - this is most likely not going to be an option for us and we will continue to have to import all sales orders into our accounting software to raise the invoice there.
It would be a daily invoice to reflect all the sales that have occurred and invoiced on the CRM.
This would be posted to a generic sales ledger as the individual customer details and transactions would be on a different software.
It's what my previous practice used to do, invoice and track jobs on CCH, then reflect this on Xero with a sales transaction at month end to reflect net sales and VAT on the accounting software.
Thanks John. Your reply has prompted a separate question. As mentioned, I would love to be on the Xero platform so have asked for people's thoughts on this.
My answers
Well you can back date claims to the 1st March as long as people met the criteria of a furlough employee.
Which is what we are working with our regulatory body with to get real clarity for temporay workers. This is why currently we have a delay (not just us) in determining who and what qualifies for temporary workers.
And sadly, this appears to be holding up our permanent payroll claim.
Well currently they are not on a position of furlough, but they can be and back dated to the 1st March.
Predominately the position of holiday pay, as it stands this is left for the company to pay and could cost recruitment companies thousands. This is the main reason why a lot have refused to place any on furlough.
But also it doesn't appear to be assignment specific, so in that case someone who is live on payroll who last worked first week in February appears to qualify, but what is the cut off? The guidance states it needs to be specifically impacted by the coronavirus.
This then raises the integrity of average. There are so many different and specific situations. It's fine to just take a view of the rules but it's a lot of money at risk should it be investigated and for a technical issue not be deemed to be relevant.
Sorry if it wasn't clear but it was merely to be pointed in the direction of any information that is possibly out there. I thought this was a forum for that.
I'm not asking for any professional advice on here, i'd merely just like to educate myself of any possible options before I contact our profesional advisors.
Apologies for the confusion.
Our CRM is a software that the company uses to manage all details of customers, all transactions, all documents - pretty much the business.
We currently import all transactions (Sales orders / Sales Credits) from our CRM daily and invoice from our accounting software. (Sage50C)
However, the question has been raised due to the capabilities of our front end software (which can be thought of as an order processing tool for this part) that can invoices and the sales ledger be managed on that and then a daily invoice raised without the details of all sales taken that day.
I wasn't aware of the Retail Scheme for VAT - I now am. And I am effectively asking can we operate like that. However, as the company I am referring to is not classed as Retail - this is most likely not going to be an option for us and we will continue to have to import all sales orders into our accounting software to raise the invoice there.
Thank you for your help
Just for clarity our CRM is Salesforce - hope this helps
Thanks
It would be a daily invoice to reflect all the sales that have occurred and invoiced on the CRM.
This would be posted to a generic sales ledger as the individual customer details and transactions would be on a different software.
It's what my previous practice used to do, invoice and track jobs on CCH, then reflect this on Xero with a sales transaction at month end to reflect net sales and VAT on the accounting software.
Thanks John. Your reply has prompted a separate question. As mentioned, I would love to be on the Xero platform so have asked for people's thoughts on this.
Thank you
We've tried - but we have about 130,000 transactions per year and Xero apparently can't cope with that amount.