How to Return Absolute Value of a Number in Excel. 3 thoughts on “ Calculate VAT in Excel. Try this post about VAT. The tax calculators ofered here will help you get your taxes done right. Ah, the sour smell of tax return season 2013. The excel template was constructed. 4 The VAT Return this. Excel bookkeeping template for freelance contractors. I'm looking for an excel template I can use for freelance. VAT Reconciliation Report; VAT Return. The VAT Reconciliation report will still show all the. Use this form to complete and upload a Non-Union VAT Mini One Stop Shop (VAT MOSS) Return. VAT Mini One Stop Shop: Non-Union Return. VAT MOSS Return template. Accounting Spreadsheet - EASY - for Accounts. To use this software you must have the full Microsoft Excel. Cash Book Template - for the Accounts of non VAT. VAT Reconciliation report. The VAT Reconciliation report shows the actual VAT you've filed each period compared to the VAT that you've charged or been charged each period based on the transactions you've entered into Xero. This lets you check if you've filed everything you needed to by exposing any VAT amounts recorded in a period after you've filed your return. The report also contains a summary of transactions recorded in the VAT account and a breakdown of the VAT account balance on your Balance Sheet. You might run this report before you complete your return to pick up any unfiled amounts, or at the end of the financial year to understand what makes up your VAT account balance. Note that if you are registered and set up in Xero for a flat rate VAT scheme, the values in the VAT Reconciliation report will not match the values in your VAT Returns. The VAT Reconciliation report will still show all the amounts going in and out of your VAT account on the balance sheet, as the purpose of the report isn't to reconcile the VAT Return itself, but to reconcile the VAT account on the Balance Sheet. Elsewhere in Help Centre: Reports are available from Reports > All Reports - your user role will determine whether you can see this report, and if so, whether you can save and publish it or just view it. Reports and budget role comparison. This report is also included in the Reconciliation Reports as part of the management reports which you can access if you have the Adviser user role. Generate the VAT Reconciliation report. The VAT Reconciliation report is generated from the start of the current financial year to the end of the current month by default. If you are viewing a report that has been saved or published, you may see summary information or additional notes. Depending on the status of the report and your role you will be able to. Reports and budget role comparison. Choose options by which to re- run the report: Date. Choose a different date for the report to start from if you want something other than the start of your current financial year (determined by your Financial Settings). To. Choose a different date to report to if you want something other than the end of the current month. Update. If the report dates have been updated, click Update to re- generate the report. The report will be run on an accrual or cash basis depending on the method you specified for VAT reporting in your Financial Settings. Understanding the report: what is a 'filed' return? In Xero, a filed return is one that's been filed (submitted) with HMRC from Xero, and published in Xero. Click on any period to view the VAT Return for that period. The return displayed will be the published report if the return has been published otherwise it will be the current return for the period selected. For each VAT period listed the following totals are displayed in each section (on an accruals or cash basis depending on your financial settings): VAT Collected section. VAT Collected - the amount of VAT collected from all transactions in that period, regardless of when you entered the transaction. This includes transactions entered after the end of the period where a VAT amount occurs in the period. Adjustments - this will always be 0. Filed - the amount of VAT you charged in the period as included in your return for the period, that is, the 'VAT due this period on sales and other outputs' figure on your published VAT Return (including any adjustments). If the has not yet been published this figure will be blank. In the event that you switched between cash and accrual basis or to or from flat rate VAT the figure will always show what was on your published return regardless of the basis you were using at that time. You can edit this field as described below. Unfiled - the total amount of VAT that has been collected but not published in a period - this is a running balance and includes unpublished amounts from previous periods. Unfiled amounts are transactions where VAT occurred in the period of the return after it was published. VAT Paid section. VAT Paid - the amount of VAT paid on all transactions in that period, regardless of when you entered the transaction. This includes transactions entered after the end of the period where a VAT amount occurs in the period. VAT on Imports - the amount coded in the period with the tax rate 'VAT on Imports'. Adjustments - this will always be 0. Filed - the amount of VAT you were charged in the period as included in your Return for the period, that is, the 'VAT reclaimed in this period on purchases and other inputs' figure on your published Return (including any adjustments). If the Return has not yet been published this figure will be blank. In the event that you switched between cash and accrual basis or to or from flat rate VAT the figure will always show what was on your published return regardless of the basis you were using at that time. You can edit this field as described below. Unfiled - the total amount of VAT that has been paid but not published in a period - this is a running balance and includes unpublished amounts from previous periods. Unpublished amounts are transactions where VAT occurred in the period of the Return after it was published. Edit VAT Collected and Paid Adjustments and Filed fields. The VAT Owing figure below is based on what you have published in Xero. Amounts entered into either the 'Adjustments' or 'Filed' fields will not be retained on the report unless you save or publish it (as your user role allows). Amounts entered will automatically recalculate the relative amounts and overall balance of VAT Owing. Adjustment amounts entered don't automatically update your next Return. VAT Account Transactions. The VAT Account Transactions section of the report show all transactions made to the VAT account during the period of the report. This is likely to be your actual payments and refunds for VAT made using Spend and Receive Money transactions, or line items coded to the VAT account that use the tax rate 'VAT on Imports'. The transactions shown are only those directly coded to the VAT account, not the VAT component of invoices and transactions as these are included in the VAT Return totals. VAT Owing. The VAT Owing section of the report shows the movement and balance of VAT collected and paid, and therefore what you owe HMRC. VAT collected and paid total is the same as the subtotals for these sections above, based on your published returns in Xero. The payments total is the same as the VAT account total in this section above, based on VAT transactions posted specifically to the VAT account. The closing balance is the VAT balance at the end of the VAT period, that is, what you owe to or are due from HMRC. This amount will likely match a statement you receive from HMRC (without any penalties, fees or interest charged). VAT Account Summary. The VAT Account Summary section of the report shows the outcome of all of the totals so far in the Reconciliation Report. The account summary balance is the amount of VAT on your Balance Sheet as being the total amount of VAT you've published and any amounts you haven't including the unpublished returns. If you're using cash basis for your VAT, additional amounts will show in the VAT Account Summary field for any VAT that has been recorded on invoices and expense claims that have been issued but not yet paid as at the end of the reporting period. In an ideal world you'll have no unpublished VAT. However, if you do, this report will help you find unpublished amounts so you can make an adjustment on your next VAT Return to clear it. The total unpublished VAT is the difference between the amount of VAT collected and the amount paid from these sections above that haven't been included in a return published in Xero. The account summary balance as at the end date of the report and the final VAT Account Balance should be the same, although slight discrepancies because of rounding occurring in the totals feeding these balances may have occurred. Accounting Spreadsheet - EASY - for Accounts with Standard VAT Accounting Spreadsheet for a VAT Registered Small Business. This version is suitable for VAT Registered Sole Traders, Partnerships, Clubs, 'Not for Profit Organisations' and Limited Companies. To use this software you must have the full Microsoft Excel Software Version 2. To help you make your mind up please review the system notes and screen shots below. We believe that there is no comparable Excel based small business software that offers so much at this price. This product is sold on an Annual Licensing Agreement. If you are in any doubt about the suitability of the software for your business, or if you have any other questions,then please email us at sales@has. Software Design and Features. Small Business Accounts Software is designed in Monthly format. Starting at Month 1 you have 1. Accounting Year. Each worksheet records ALL your business transactions for that month. This is what your Monthly worksheet looks like. It is separated into a Header Section, followed by the Data Section and ends with a Monthly Summary Section. The Monthly Worksheet. The system uses a combination of Drop Down boxes to make data entry simple and error proof. Each monthly worksheet caters for ALL your transactions; the software allocates one line to each entry. You select the appropriate transaction type from the Drop Down Box and then complete the line. Your data is coded to conform to HM Revenue & Customs formats, you select the appropriate analysis from another Drop Down Box and the software completes the posting. Thus eliminating the potential for errors. VAT is calculated automatically based on the VAT Rate selected. You have the ability to overwrite the automatic calculation if necessary. It's that simple ! The following three screenshots show this process. Select your Transaction Type. Select your Analysis. Select your VAT Rate. On each Monthly worksheet you can perform selective Sort routines and use Excels 'Filtering' tool to perform advanced analysis of your data. Once each line has been completed the software uses Excels powerful formulae to update the following : Income and Expenditure Report. Monthly Profitability & Sales Summaries. VAT Returns. Bank, Cash and Credit Card balances. Customers & Suppliers balances (see screenshots below)Thus ensuring that your accounts are both accurate and up to date. The software also automatically completes other tasks which provide the following: A Consolidated Year's Data worksheet. A separate worksheet that shows ALL of the years transactions on ONE worksheet. A special report for your accountants which will allow them to easily upload your data into their systems. Finally the system provides you with additional worksheets for you to record other financial data for 'Year End' purposes. Fixed Assets Schedule. Year End Stock Schedule. Year End Debtors. Year End Creditors (see screenshots below)1. Income and Expenditure Report and Graphwith Graph. Year End Creditors. Set Up, Year End and Backups. Many people are worried about how to Set Up accounting software and are concerned about how to complete the Accounting Year End procedures. The Small Business Accounts Software manages this with ease. To Set Up your accounts you just follow the Step by Step guide and fill in the relevant information in the various worksheets. It should take you no more than 1. At the Year End you need to supply your accountant with additional information, the system notes will guide you effortlessly through providing details of Assets, Year End Debtors and Creditors, Bad Debts and Depreciation. We have not forgotten the importance of data security; the User Guide provides comprehensive details on how to take regular backups of both the software and your data. Additional information and small print. Mr. Spreadsheet is a registered trading name and division of Heron Accounting Services, Poole, Dorset. This software is protected by international copyright and is sold on a single- user annual licence agreement for the use by the licensee or licensees business only. Unlawful decoding, copying and distribution will result in prosecution. We make no warranty or representation, either express or implied, with respect to this software and documentation, their quality, performance, merchantability, or fitness for purpose. This software is licensed ' as is ', and you, the licensee, by making use thereof, are assuming the entire risk as to their quality and performance. In no circumstances will we be held liable for direct, indirect, special, incidental or consequential damages arising out of the use or inability to use the software or documentation.
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