VAT Accounting on a Cash Receipts basis

Cash basis VAT accounting / Printing of multiple Invoices

In response to customer feedback, we have found that many businesses use the Cash receipts Basis for VAT accounting. In fact this is far more complicated that the Invoicing Basis and so we had previously formed the view that most people are using the Invoice Basis. Until a few months ago this proved to be true, but a number of our newer customers have asked for the Cash Basis to be implemented and so we have done so.

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