* (in alphabetical order) Desktop software Accountz Mamut MoneySoft MS Office Accounting (discontinued) MYOB (discontinued in the UK) Pegasus Quickbooks (Intuit) Sage Solar Accounts TAS TurboCash VT Transaction Online Accounts 77 AccountsPortal Arithmo Bean Accounting Bionic Books Bright Pearl Clearbooks Clever Accounts Crunch E-conomic FreeAgent Fusion Accounts Kashflow Liberty Accounts Liquid Accounts Net Numbers Net [read more]
 Choosing Bookkeeping/Accounts Software*Choosing bookkeeping or accounting software for your business or organisation is a big step. There is so much available on the market, with new vendors and products coming out all the time. So, how do you decide which is the best for you? How much you are prepared to pay? There is such range of prices [read more] |
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 VAT Margin Schemes and Accounting Software*Unfortunately, mainstream accounting software (such as Sage, Quickbooks, Tas and so on) generally do not handle the VAT Margin Schemes automatically). There are “bolt-ons” and modules available – at a price – for some of these packages, which will handle the VAT Margin Scheme and the required stock book. These tend to work best if [read more] |
 The Difference between Zero-Rated VAT, VAT Exempt & Out of Scope of VAT*There is sometimes confusion over what the difference between Zero-Rate VAT, VAT Exempt & Out of Scope VAT. Zero-Rate VAT items, such as books, childrens clothes and some food, do have VAT on them, it’s just at zero percent, so the actual VAT is nil. (In Sage, the VAT code to use would be T0). [read more] |
 Completing a Standard VAT Return on Sage*Following the previous post, for those using Sage, the process is greatly automated, provided that you have used the correct Sage VAT Codes, of course. Go into Financials and select the VAT Return option. Enter the correct start and end dates for the VAT Quarter in question. Click the ”Calculate” button (at this point, provided you have marked [read more] |
SAGE VAT codes*Sage uses the following codes for VAT: T0 – zero rate VAT T1 – standard rate VAT T2 – exempt (eg. stamps, insurance, aire fares, bank charges, financial services T4 – EC Sales T5 – lower rate VAT (eg. electricity, gas, women’s sanitary products) T9 – not involving VAT/outside scope of VAT (eg. suppliers that [read more] |
 Simple Sales Ledger in Excel IV*To use the sales ledger spreadsheet is easy. Just record all your sales invoices as you raise them. Allow one row per invoice. Enter the total amounts in columns D and E (if VAT registered) and check that the figure in column F is as you have put in your actual sales invoice. If you [read more] |
