Its amazing what they get up to when you
Aaron C Rescue
Registered Posts: 76 Regular contributor ⭐
go on holiday.
I'm working for a drop shipper, the 20% VAT will severly impact their profit margin and their ability to compete. Whilst I was away, they made a couple of sales people redundant and have also decided to stop the 'local print' of the sales invoices (which was a function of the sales job). The original individual sales invoices are available as 'data', can be called up as an 'order', and can be exported on request. We are able to produce hard copies of each individual invoices should we be required to do so.
However, cost saving/paperless office hat on, I'm thinking that If techie spodder guy supplies me with a daily 'data' export, then I can 'batch up' the individual sales invoices into one daily one, which in turn can be reconciled to merchant server, and entered onto Sage as a single daily 'batch' invoice.
Can anyone see anything wrong with this approach or any reason why it will be doomed to failure? Do you work somewhere that operates a similar 'batch' system? What are the shortcomings?
I'm working for a drop shipper, the 20% VAT will severly impact their profit margin and their ability to compete. Whilst I was away, they made a couple of sales people redundant and have also decided to stop the 'local print' of the sales invoices (which was a function of the sales job). The original individual sales invoices are available as 'data', can be called up as an 'order', and can be exported on request. We are able to produce hard copies of each individual invoices should we be required to do so.
However, cost saving/paperless office hat on, I'm thinking that If techie spodder guy supplies me with a daily 'data' export, then I can 'batch up' the individual sales invoices into one daily one, which in turn can be reconciled to merchant server, and entered onto Sage as a single daily 'batch' invoice.
Can anyone see anything wrong with this approach or any reason why it will be doomed to failure? Do you work somewhere that operates a similar 'batch' system? What are the shortcomings?
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 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