EU Account
mc25
Registered Posts: 232 Dedicated contributor 🦉
HI, Just obtained a client who has got a Euro account and they are VAT registered. when I have looked at the transaction and how they have set it up on sage, all transactions has gone through as the actual Euro amount on the bank statement/invoices, looking at sage setting they haven't changed to show its a Euro account so for years they have been posting all transaction in Euro. My main concern was when they have done the VAT return surely this wont be right, as the figures they have used are all Euro and not converted to GBP figure.
What are your views on this one?
What are your views on this one?
0
Comments
-
Ouch.0
-
Exactly that is what I thought as well... not sure what to do??? grrrrrrrrrrrrrrrrrrrrr might ring AAT helpline to see what they will say0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership