How to account for EC VAT on Sales and Expenses

User Guide » Category: "Filing Accounts" How to account for EC VAT on Sales and Expenses You can apply VAT rates to EU sales and expenses based on different scenarios.To set the scenario for a specific transaction, edit it and set the scenario as...

Profit and Loss Adjustments

User Guide » Category: "Filing Accounts" Profit and Loss Adjustments You can make profit and loss adjustments on a quarterly basis. To do this, go to Profit and Loss and enter an adjustment. Select the period of time the adjustment relates to, and save...

Limited Companies: How to use 10 Minute Accounts

Limited Companies: How to use 10 Minute Accounts Home » Category: "Filing Accounts" As a Ltd company, you can use 10 Minute Accounts for bookkeeping purposes. However please note that the software does not itself prepare a full set of records as...

Sole Traders: How to use Cash Basis accounting

Sole Traders: How to use Cash Basis accounting User Guide » Category: "Filing Accounts" For sole traders, 10 Minute Accounts works with cash basis accounting. This is a HMRC scheme intended to make it easier to calculate your returns. With cash basis,...