When working within your agreement sending customer invoices or receiving invoices from your suppliers, it’s important that your VAT is booked correctly.

Using the default setup the various VAT codes are automatically created for you  – all you have to do is raise and book the different invoices. If you need other VAT codes you can easily create these in the Settings Tab.

You are able to produce three different VAT reports from your agreement.  Your VAT Return report, a VAT detail report showing you the underlying entries that make up the total sum of boxes in the VAT Return and a VAT Variance report which highlights any differences between what VAT has been booked and what the system has calculated.

As you might know the VAT on sales invoices is known as output VAT and the VAT on your purchase invoice is known as input VAT.

In your agreement you can take out a report that gives you the balance between the output VAT and the input VAT – thus giving you an overview of whether you have to pay VAT or have VAT returned to you – this is the VAT return report.

You can find a lot of interesting articles about VAT in our E-copedia

• How to create a VAT code
• Standard VAT return
• Cash Accounting VAT return
• The VAT return report
• The VAT detail report
• The VAT variance report

Have a superb weekend

As an administrator you now have the possibility of adding links to your social media pages on your E-conomic administrator page.

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Join E-conomic next Thursday in Birmingham, Grant Sayer will be giving a presentation on E-conomic and Cloud Computing at the 2020 conference at the Holiday Inn Birmingham Airport. Grant was instrumental in the early adoption of E-conomic in RSM Tenon Outsourcing.

Grant will be around all day and will be happy to meet you for a talk about how E-conomic can work for you and your clients.

Click here for more information and directions

Last week, I joined the Nielsen Norman Group Usability Week 2012 in Amsterdam which was a bit of an eye-opener to me.

I mean, we – E-conomic’s online marketing team – have been basing our content structure, information architecture and web design on Jakob Nielsen’s recommendations for quite some time now, as he is
- actually per definition – the guru of web usability.

But what really struck me was that these guidelines actually cover how we should write on the web too. And how we shouldn’t write.

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We will be providing email support this coming bank holiday, Monday 7th.

So, if you’re busy working and need help we are still here and you can email us at info@e-conomic.co.uk and we will get back to you as soon as we can.

Have a great bank holiday !

If you’re an administrator, and haven’t heard about our administrator presentations, help has now arrived: When logging on to E-conomic, all administrators will now be presented with a dialog that allows them to register for our online presentations with a few clicks.

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If you’ve just taken out an agreement with E-conomic and are coming from another accounting system, you’ll have to create your chart of accounts, and perhaps your customers and suppliers to get going.

It’s indeed teadious work to put in all your different account numbers and create your customers and suppliers  – so why don’t you just skip that process and import your chart of accounts and your customer and supplier details instead!

If you’re able to convert your various lists to CSV files, you will be able to import these into your agreement and thus have your accounts, customers and suppliers created in a jiffy.

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If you missed this the first time you can watch it here, a frank and open discussion on cloud computing and why you should get on board !

Key topics of this webinar:

* Facts about the cloud
* Why are more and more businesses moving to the cloud?
* Use multiple accounting systems at no extra cost!
* Who are the leading providers of online accounting systems?
* How can you effectively market your online capabilities to clients?

Click here for the full recording

From now to November we will be part of the 2020 Road Shows giving presentations on Cloud Computing. The first one is taking place this Thursday 26th in Leeds. If you would like to take this opportunity to have a chat to Richard Messik or Grant Sayer on how E-conomic can work for you and your clients in the cloud then please come along and we can catch up with you in the breaks.

We are going to be in another 8 locations so if you miss this one don’t worry as there will be other opportunites to see us Click here for full details

E-conomic will be participating in the ICAEW conference on Why Cloud and Why Now? This will be taking place Monday 30th April in London. If you have any questions or reservations about joing the cloud this is the conference to go to and get everthing explained and hear first hand how moving to the cloud is the way to go forward on so many levels for both you and your clients.

Click here for full details