MS Accounting Pro 2007

Jul 10, 2007 1 Replies
T

Is anyone in the UK using this??



I've found how to put my customers in GBP £, but all my compnay info is in dollars. Is there a way to change this or do I have to live with it?



Is there a UK version??? :-)



Serious question - The program allows collection of sales tax (VAT in UK) for sales, but there's no way of inputting the tax paid on purchases.



How does one get round this?



Is there a way to include this in purchases/billpayments, or does one have to account for it separately somewhere??



Any pointers muchly appreciated as it's driving me mad!!



Tym.


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T

I would account seperately for it using the following process to capture the Purchase Tax for future needs:

1)When you get the Purchase Invoice, take a copy of it and place it into a file 2)At Month-End or whenever you reconcile this tax, Take all of the copies in the file and create a Spreadsheet that has a) The date of the Purchase b) The Vendor Name c) The Amount of the Purchase d) The Purchase Tax Liability Account number you plan to use to hold these values, and e) The Asset Account if the Item Purchased will be Categorized as a Fixed Asset for your Business 3)Staple the copies of the Invoices to a printout of the Spreadsheet schedule and file 4)When the associated Tax Document needs to be prepared pull your source documents from step 3 and complete your return 5) Done

Oscar Aguayo California, USA

626.652.2427
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