Clear Books

Once you submit an MTD VAT return or confirm a Legacy VAT return, the system will generate a sales invoice from your HMRC contact if you are owed money, or ...

How VAT is treated in Clear Books On an invoice accounting VAT scheme, VAT on sales and purchases, credit or debit the VAT control account. On a cas...

The tool enables users to compare VAT liabilities under Standard VAT - in which VAT is based upon the difference between VAT charged to customers and VAT pa...

Whenever you create a new invoice or bill, and the VAT rate and VAT treatment are not set in the Customer's & Supplier's settings you can set de...

On the standard invoice accounting scheme, VAT from invoices Credit the VAT control account and VAT on bills Debit the VAT control account. Therefore, the V...

In Clear Books, transactions are locked to a VAT return once a return is saved as a draft. The VAT exceptions report will only show those transactions that ...

Table of contents   1. Introduction 2. UK imports and exports toggle 2.1 Exports 2.1.1 Standard Scheme 2.1.2 Flat Rate Scheme 2.2 Imports 2.2.2 Stan...