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Pages Bookkeeping said:
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Hi
I am just wondering if anyone else has had problems making this change. I looked up how to do this via the 'help' icon and followed the instructions which told me to change the HMRC supplier settings from cash to accrual. When I did this it came up with a message saying Quickbooks advises this is not a good idea! I then called the pro advisor helpline and was told that Quickbooks often has problems when users make this change and creates balances on previously filed VAT returns which are incorrect and inconsistent. I created a shadow copy so that I could test it out and this is indeed what happened. The helpline told me that the only way around it is to create a new company file and transfer the balances across. Has anyone had a similar experience and been able to resolve this issue without starting from scratch?
Sian
Edited at 16 Jun 2015 07:18 PM GMT”
Hi Sian,
I've got that version. It does not give me any warning when changing Hmrc Vat supplier from Cash to Accrual. Sorry, I've not come across any problems of this kind, so am not going to be a lot of help.
Its not as easy as it sounds is it, creating a new company to change vat scheme. I wonder what problems are caused by just changing the setting and then carrying out more detailed checks on the first return on accrual basis to check all is correct and the register is clear. I assume once this is filed, future returns are all correct?
Good luck, whatever you decide to do.
Dave
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