You can choose which accounting method to use (cash or accruals) when completing each return and AccountsIQ handles both.
Facilitates reporting of tax on cash and bank transactions, together with any tax posted through the GL.
Auto generates VAT return journals which flush the sales and purchases VAT accounts and post to the overall VAT Liability account.
Handles EC purchases and sales tax reports, VAT100 and VAT3 reports for UK and Irish Returns and INTRASTAT reporting is also available.
It provides a tool with which you can manage the expected payment or receipt dates for outstanding amounts and avoids spreadsheet proliferation.
The cashflow for each account can be graphed for the period specified.
You can manage the forecast by manipulating cash and bank balances and expected receipts and payments giving an accurate forecast of cashflow on a day-to-day basis.
Improves project cashflow and eliminates revenue leakage with reduction of keying-in errors.
Tracks project performance against targets and provides custom reports. Project management is enabled with an all-in-one project management screen, custom project kpis and reports