Overview This video explains how to enter reverse charge VAT expenses into your purchase ledger. A step by step guide can be found below the video. Steps In Accounts, open the Sales and Purchase Ledger Invoicing screen. Enter Edit mode. Use the New ...
Found in: TAX Register & Taxing
This is a feature that must be enabled, please contact our support team at Support@khaoscontrolcloud.com if this is a feature you require 021310/022483 Overview The domestic reverse charge is a VAT procedure that was implemented in the UK on March ...
Found in: TAX Register & Taxing
Overview This video explains how to set up and use country specific VAT in Khaos Control Cloud. There are step by step setup instructions below the video. Steps Firstly, enable Country Specific Tax. Go to [System Setup | System Values | Accounts]. ...
Found in: TAX Register & Taxing
Overview We have done what we can to ensure that we have added as much Brexit support. However, it is important that you review your own needs and business requirements and make sure that you do your own research to ensure that you are ready for ...
Found in: Brexit & IOSS
IMPORTANT This is a complex issue, and each business must review and understand EU VAT and IOSS as it applies to their own circumstances. We will be reviewing all the feedback from customers and updating this page as and when new information is ...
Found in: Brexit & IOSS
Overview Khaos Control Cloud has the ability to track country specific VAT and this guide explains how to set this up. Please note that the values required for each country will be dependent on your tax agreements with the country in question - we ...
Found in: TAX Register & Taxing
Overview This video shows you how to get your data ready prior to submitting a VAT return. Step by Step instructions can be found below the video. Steps 1. In Accounts, click on Tax Register. 2. Green Select all items in the grid. 3. Use the Actions ...
Found in: TAX Register & Taxing
Overview When setting up EC companies it is useful to understand what happens when the following fields on the Customer General screen are used: Tax Ref EC Company Company pays tax For all the following both the Tax and EU checkboxes in System Data ...
Found in: EC Companies
Question/Problem VAT is being calculated incorrectly for companies belonging to a single Company Class. Solution Company Class is the highest priority variable used within KCC. If there is a mismatch between Company Class and other settings ...
Found in: TAX Register & Taxing
WARNING This information can not be imported and must be manually entered. This process can have severe long term implications if not carried out correctly. Prerequisites Besides some of the system nominals, the following nominals will be required ...
Found in: Trial Balance
Question/Problem I am using country specific VAT and I need to know what my tax liabilities are for a specific country in order to complete a tax return. Where on KCC can I find out this information? Resolution/Solution You can view this information ...
Found in: TAX Register & Taxing
Overview This setup guide is designed to work alongside the training you undertake to help you set up your Khaos Control Cloud for your business. There are tooltips available to describe each option within the application itself, just hover your ...
Found in: Crediting, Invoicing & Statements
This video will show you how to enter opening balance for customers or suppliers. It is essential that you ensure that relevant nominal accounts are set up in your system, this can be skipped if previously carried out. Creating the opening balance ...
Found in: Crediting, Invoicing & Statements
Problem Shopify sales orders are importing with incorrect amounts. Cause The Shopify shop is set to not calculate VAT when the country in Khaos Control Cloud is set to calculate VAT or the items are set to calculate VAT. Solution How to fix this for ...
Found in: Shopify
Overview This video describes how you can change the delivery rate in a sales order. A step by step guide can be found below the video. Steps Ensure the Sales Order is in Edit mode. Ensure the Delivery Charge toggle is switched on. Edit the Delivery ...
Found in: Addresses & Delivery