First Previous - Page 1 of 1 - Next Last

A3 Xero help

  • Student
  • 2 posts
  • # 122853

Hi,

How do I input the vat when xero uses one control account for vat Not 3? I can work out the net figure that would be on the vat account if it was one account but it changes the TB totals? My brain is exploding :) 



Edited at 05 Jun 2024 10:20 PM GMT

  • Associate
  • 11 posts
  • # 122855

If you look there are previous posts on this forum comparing sage to Xero in relation to the VAT input and output accounts. You will ok using Xero for your A3 exam. Just add the 2 accounts together to get the Xero total. Obviously your TB will be different but only by the VAT amounts. Your examiner will allow for that and in fact it says that in the instructions when you try the mock or when you get the model answers.

  • Student
  • 2 posts
  • # 122856

Hi,

yeah I went ahead and decided to trust myself and that's what I did. :) 

First Previous - Page 1 of 1 - Next Last
bottomBanner
loading