Red.com V5.1 Guía de usuario descargar pdf (Pagina 105)

p105

Big Red Book Accounts v5

Data for Retailer VAT Calculations

The Retailer VAT Calculations module is not integrated with the rest of the program. This means that the

information needed to calculate your VAT liability is not automatically extracted from the various books. In

order to use the module you must enter this information when prompted. The minimum information you will

need to use the calculations program is:



Total gross sales which need to be apportioned between VAT rates for the VAT period in question.

This figure can usually be obtained by printing the Cash Book Summary report. This figure

represents total sales for which the VAT element cannot be easily identified.



The VAT rates at which total gross sales are made.

Note: There will always be more than one VAT rate applicable to these sales otherwise we would not need

to apportion sales between different rates.



Total net purchases of stock for resale during the VAT period, analysed by VAT rate. This

information can usually be obtained by printing the Purchases Book VAT Summary report for the

period in question.



The mark-up percentages to be applied to purchases at each VAT rate. This information should be

obtained from your accountant.



Total net purchases of goods or services not intended for resale, analysed into all applicable VAT

rates. This information can usually be obtained by printing the Purchases Book VAT Summary

report for the period in question.



If applicable, total net purchases from other EU states both for resale and not for resale, analysed

by VAT rate. This information can usually be obtained by printing the Purchases Book VAT

Summary report for the period in question.

The above applies only to sales for which it is not possible to identify the VAT element and for which it is

necessary to use the apportionment formula. We will refer to this as the

Mixed Rate Category

of sales. You

may also sell categories of goods to which only one VAT rate applies and for which the identification of VAT

on sales is relatively straightforward. (Hardware goods and Fuels would be examples). We refer to these as

Single Rate Categories

of sales. If this is the case you should maintain separate records of purchases and

sales for these goods, i.e. maintain separate Analysis Categories (column headings) in the Cash Receipts

Book and the Purchases Book. The program can calculate the VAT element on sales of such goods and

incorporate them in preparing a VAT report provided you enter the following information for these

categories:



Total gross sales for each category of goods for which only one VAT rate is applicable. If you are

maintaining a separate column for each such category in your Cash Receipts Book this information

can be obtained from the Cash Book Summary for the period in question.



The VAT rates applicable to sales in each of the above categories. There should only be one rate

applicable to each category, e.g. 21% for Hardware, 13.5% for Fuels.



Total net purchases of stock for resale during the VAT period for each category. Assuming you are

separately identifying each category in the Purchases Book, this information can be obtained by

printing the Purchases Book VAT Summary report for the period in question.

Note: When you use this scheme you will require this information. However, once it has been entered the

program stores the information so that, when calculating VAT liabilities for subsequent periods, only

information relating to purchases for the current period need be entered.

One of the schemes catered for by the

Big Red Book

uses, as the basis for apportioning sales, an

average of the net purchases of stock for resale for the current VAT period and for the five VAT periods

immediately preceding the current period.

The above information should be entered into the Retailer VAT module, after which the VAT figures for the

period can be viewed on the screen and printed in the form of a report.

1 2 ... 100 101 102 103 104 105 106 107 108 109 110 ... 249 250

Comentarios a estos manuales

Sin comentarios

Red.com V5.1 Guía de usuario Pagina 105

Comentarios a estos manuales

Relacionado con productos y manuales para Cámaras Bridge Red.com V5.1