KC Cash Accounting

Does you company turnover under £1.35 million?

Are you missing out on a CASH INJECTION of £10,000?

The KC Cash Accounting module for Pegasus Opera II adds additional functionality to the standard Opera II package by ensuring that you only pay tax on your VAT return for invoices that you have received payment for – not on what you have invoiced. By ensuring that your figures are correctly calculated and that VAT is only paid on money which you have actually received, you could receive a cash injection which will help to reduce bank charges and lost interest.

Changes in the law which came into effect on 1st April 2007 increased the limit at which companies can submit their VAT return based on payments (and not invoices) from a turnover of £660,000 to £1.35 million (and you can remain on the scheme until you reach a turnover of £1.6 million). For many new companies the scheme not only offers a cash flow benefit but also provides automatic relief from VAT on bad debts without the need to apply for Bad Debt Relief.

To calculate the Cash Injection that your company could receive by implementing KC Cash Accounting simply click here.

To calculate the Cash Injection that your company could receive by implementing KC Cash Accounting simply click here.