How Can I Enter Opening Invoices If I Have Already Claimed The VAT On Them?
When you enter opening invoices when setting up initially there is a check box to tick which will allow you to claim the VAT or not, as you wish.
Can I Check I've Done It Right?
Once you have entered them all and you want to check that the tick has been applied correctly, then go to your VAT button and choose Closing Account.
If you put the last day of that financial year in here the report will show transactions that have NOT been ticked, and will be claimed on your next return.
You should not use this option if the VAT was claimed on KEYPrime itself i.e. after the first year end.