Cumulative turnover for VAT purposes

Idea suggested by Chris Caspell 14 years ago

As I creep ever closer to the VAT threshold I have just put together a spreadsheet which summarises the income from the previous twelve months so I can be sure that I haven't gone over the threshold.

It seems to me that this could be a really useful tool to have on the dashboard where is summarises the income of the previous 12 months with a comparison to the VAT registration threshold.

I have one client that fell foul of the registration rules and was fined so it could save fines and penalties if implemented.

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6 Replies

We asked for a similar item to alert non-Vat registered businesses when their rolling 12 month turnover gets near the Vat threshold.

12 years ago

Have these two requests been amalgamated in Clear Books's system? Otherwise the votes for them will be split? I see it has been three years since this was suggested.

11 years ago

I have been looking for a similar report to allow us to ensure we are adequately insured for our current turnover. Has there been any progress on either of these?

5 weeks ago

Hi Bev,

At current, the best report would be the P&L which can be found under Reports > Popular reports > Profit and Loss where you can run this for a 12 month period for your insurance purpose. In addition to this, we will be looking to add a warning to the dashboard when approaching the VAT threshold.

I will update you once we have implemented this.

Tommy

5 weeks ago

Thank you for the swift reply Tommy.

5 weeks ago

No problem at all!

Tommy

5 weeks ago

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