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Changes to the VAT Rate from 1st December 2008
Submitted Nov 24, 2008 in Accounting
In the pre-budget report disclosed today it was announced that the standard rate of VAT would be cut from 17.5% to 15% as from 1st December 2008.
Business owners who are VAT registered will need to apply the changes to the invoices they send their customers from this date. Only standard-rated sales are affected so if you currently charge at 17.5% you will need to reduce this to 15%.
This rate will remain in place until 31st December 2010 at which point it will revert to 17.5% again.
Don't forget, it also means that expenditure incurred will be affected and you should take care in posting expenses to the system.
It will be interesting to see whether this reduction will have any serious impact in the economy....
Unfortunately, Mr Darling has not given us software supplier's much time to get our systems changed to the new rate (thanks!) - thankfully, once we have included the new VAT rate, your system will be automatically updated without need for any update disk!
How to get started with Clever Accounts
Submitted Jul 25, 2008 in Solutions
Starting any new software is daunting enough, especially when its accountancy based and is usually the reason why small businesses rarely change their own.
The essential tasks to complete before using Clever Accounts in earnest are:
- Once sign up, look around the system to get a feel of the navigation
- Read the getting started help manual (see below)
- Set up your bank account(s)
- Set up customer / suppplier accounts
- Enter any opening balances from previous period
To explain in greater we have thankfully provided a helpful getting started manual that leads you through each step of the way whether you are a new start up or transferring from another package.
To view this guide please click here.
Please also remember that each page has it's own help facility on it by pressing the help icon. Furthermore, if you are really stuck please get in touch with us via this support forum to lodge a ticket. Please note we can only provide technical support on Clever Accounts and cannot advise you on the best nominal account to enter a transaction to etc
Clever Accounts Team
Welcome
Submitted Jul 11, 2008 in Announcements
Welcome to our new support forum for Clever Accounts.
This section of Clever Accounts will provide you with the facility to submit support queries to us, check out and search for various solutions and tips and tricks or even submit a request for additional features that you would like to see in Clever Accounts in the future.
You are free to search through these pages for an answer to your problem. If you cannot find a suitable answer or you would like to add a comment to our support forum then you will need to register for this. Don't worry it's quick and painless and you will be directed to do this when you submit a ticket.
As always please contact us if you require any further information on this section.
Chris Mollan
Clever Accounts