How to do a VAT Return on Xero: A Beginners Guide to Xero VAT

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  • Опубликовано: 2 окт 2024

Комментарии • 87

  • @deborahjoseph5170
    @deborahjoseph5170 8 месяцев назад +4

    Thank you so much for these videos on Xero. Most of the jobs I'm applying for uses Xero. So far, with your videos, I'm 95% confident I can use the software. Thank you again.

    • @BookkeepingMaster
      @BookkeepingMaster  8 месяцев назад +1

      Glad to help! Thanks for taking the time to comment

  • @tiamaclachlan1612
    @tiamaclachlan1612 Месяц назад +1

    Thank you for the video, so helpful. I used your videos before when I was training at college for my sage computerised accounting course (2017 in the UK), the teacher wasn't very good at teaching which my whole class also thought, so I put them on to your videos, needless to say we all passed. I'm now revisiting your tutorials as I've been working mainly on payroll but I'm looking for a new job and have applied for some accounts admin roles which in NZ mainly use Xero and I needed a refresher and to understand Xero a little better than I do.
    So, I just wanted to say thank you for being so great at what you do and all the help, understanding & support you give to everyone that watches your videos. Jodie 🙂

  • @JulieJackson-h2b
    @JulieJackson-h2b Месяц назад +1

    Brilliant and useful videos. Thank you!

  • @KathrynAsker
    @KathrynAsker 3 месяца назад +1

    Thanks - very helpful - just about to lodge my first ever VAT return and feel much happier about it now!

  • @gusmeliabarreto9170
    @gusmeliabarreto9170 6 месяцев назад +1

    excellent explanation about how to do the VAT Return. Thank you so much, I learn a lot with your videos. I started working at an accounting firm two weeks ago and they are using only Xero software accounting. Now i feel confident using Xero after watched all your videos. Again, Thanks a lot.

  • @laynznigal1799
    @laynznigal1799 26 дней назад +1

    Thank you so much master ❤

  • @SteveRobinson-og7cr
    @SteveRobinson-og7cr 5 месяцев назад +1

    Excellent training course- thank you so much

    • @BookkeepingMaster
      @BookkeepingMaster  5 месяцев назад

      Glad you enjoyed it. Thanks for the comment and for watching

  • @fbasidehustle1
    @fbasidehustle1 День назад +1

    brilliant thanks

  • @emmaa3376
    @emmaa3376 6 месяцев назад +1

    Most helpful thanks!

  • @Acer2012ish
    @Acer2012ish 6 месяцев назад +1

    Thank you very much. appreciate it.

  • @cherrylicious03
    @cherrylicious03 21 день назад +1

    Hi! I love your videos it help me so much working my the company who is using XERO in the system.
    Can you please make a video on how to record on xero the VAT and DUTY (taxes only) on an imports? That will show up on the VAT RETURN. I'm having difficulties on this. 😭🙏

    • @BookkeepingMaster
      @BookkeepingMaster  21 день назад

      Sure. I'll add it to my list. Thanks for watching and for the comment.

  • @thomasinaegan2227
    @thomasinaegan2227 8 месяцев назад +1

    superb -

  • @MarkCufflin
    @MarkCufflin Месяц назад +1

    Many thanks have watched all the videos and have been a great help in relation to updating my Xero knowledge as not used the software for a couple of years thank you. If after the return has been completed say to end of June and then a purchase invoice is received for June can this be posted in June and then picked up in the next return or is it best to post in July

  • @N1ck1976
    @N1ck1976 6 месяцев назад

    Great video, as a freelancer my question would be, what happens if I’m not paid until after the vat quarter period?

    • @BookkeepingMaster
      @BookkeepingMaster  6 месяцев назад

      If that concerns you, sign up for VAT cash accounting. That way VAT is declared upon invoice payment rather than invoice date. Thanks for watching.

  • @roldansophie
    @roldansophie Месяц назад +1

    Very helpful and informative. I like it.

  • @oyebodekarunwi7928
    @oyebodekarunwi7928 4 месяца назад +2

    This is highly helpful. Very good job. Thanks for this initiative.

  • @babadhaba3728
    @babadhaba3728 19 дней назад

    how do you reclaim backdated VAT expenses other softwares automatically calculate it but xero doesnt have this option

  • @tahmineabbasi3750
    @tahmineabbasi3750 8 месяцев назад +2

    thx for the video. I am just about to file my first vat return and I am a bit nervous about it. but your video helped me very much. thank you.

  • @VinodKumar-e7z5c
    @VinodKumar-e7z5c 7 месяцев назад +2

    Mate this is a great training modules you have created. This is a great help to community.

  • @ecaterinagumennii1460
    @ecaterinagumennii1460 2 месяца назад

    Thank you, very straightforward, I would like to ask how to add a net error from a previous VAT return?

  • @tomrusson6126
    @tomrusson6126 2 месяца назад +1

    Great video - I'm a new user of Xero. Thanks so much.
    1.5x speed is my friend for a sleepy Friday night!

  • @kamrulmoniracma2991
    @kamrulmoniracma2991 3 месяца назад +1

    Great learning experience. Very easy way you described everything. Hope in the future u will create more things.Thanks from heart

  • @janermacalino6330
    @janermacalino6330 2 месяца назад

    If the payment has been done is there any submission needs to be done? Or how do we get acknowledgement from the Gov

    • @BookkeepingMaster
      @BookkeepingMaster  2 месяца назад

      Both a submission and payment must be done. The submission will show on Xero, if connected through MTD.

  • @dennisimbang9496
    @dennisimbang9496 3 месяца назад +1

    thank you so much

  • @veritymartin1051
    @veritymartin1051 6 месяцев назад +1

    Thank you. So so helpful. I have just swapped from Sage to Xero. I have used Sage for 29 years so very nervous about swapping over to Xero. I have to say it is so much easier to use.

    • @BookkeepingMaster
      @BookkeepingMaster  6 месяцев назад

      You can do it! Thanks for taking the time to comment

  • @remarkablepubs-g1y
    @remarkablepubs-g1y 2 месяца назад

    I am setting my MTD up, I have a question about the sales/purchases we are a vat registered company there fore what do I choose VAT INCLUSIVE? OR VAT EXCLUSIVE? please help as no tutorial mentions this part.

    • @BookkeepingMaster
      @BookkeepingMaster  2 месяца назад

      It's your personal preference - it doesn't matter either way. Just ensure the VAT amount is correct before posting transactions. VAT inclusive will require you to post the gross amount (the total including the VAT). VAT exclusive will require you to post the net amount (the amount before VAT). I hope this helps.

  • @bethbaldemoro9485
    @bethbaldemoro9485 3 месяца назад +1

    Thanks for this informative video, I will be needing this soon.. pls dont stop sharing infos.

  • @MargoLola-sj8pn
    @MargoLola-sj8pn 5 месяцев назад

    Hello, This video has been so very helpful. But I have one question please... This is my first VAT return for my business and my accountant has advised me that I can claim back VAT paid for 6 months prior to my registration. Can you help with how to do this on my first VAT return please?

    • @BookkeepingMaster
      @BookkeepingMaster  5 месяцев назад

      I can do, but I obviously charge. Is this not something your accountant can help with?

  • @anamikashukla8061
    @anamikashukla8061 5 месяцев назад +1

    Fantastic videos and well explained in detailed thanks so much 😊

  • @rhonaforbes7039
    @rhonaforbes7039 8 месяцев назад +1

    Great video ⭐ Lots of information... Thanks 😊

  • @Michelle-q4n9l
    @Michelle-q4n9l 8 месяцев назад

    After the Yer period is up,how much time do they have to file ? Two months whether Quarterly, or Yearly ?

    • @BookkeepingMaster
      @BookkeepingMaster  8 месяцев назад +1

      For quarterly returns, one month and seven days, so the 7th of the following month. Thanks for watching.

  • @LaurieCummings-z4b
    @LaurieCummings-z4b 2 месяца назад +1

    This video has been very helpful my man.

  • @samquinn8278
    @samquinn8278 6 месяцев назад +1

    clear and straight forward, thank you

  • @edwardcatton8211
    @edwardcatton8211 7 месяцев назад

    Once you have filed, does HMRC automatically take what you owe from your bank account or do you need to pay it somewhere else?

    • @BookkeepingMaster
      @BookkeepingMaster  7 месяцев назад

      You need to pay it by bank transfer or card unless you have a direct debit set up. If the latter, then it will be taken automatically.

  • @angelawilliams1039
    @angelawilliams1039 6 месяцев назад +1

    Thank you. Always helpful.

    • @BookkeepingMaster
      @BookkeepingMaster  6 месяцев назад

      My pleasure! Thanks for watching and taking the time to comment.

  • @beckyb76563
    @beckyb76563 5 месяцев назад +1

    Thank you. Really helpful :)

    • @BookkeepingMaster
      @BookkeepingMaster  5 месяцев назад

      Glad to hear that! Thanks for watching and for the comment.

  • @LL-bj1it
    @LL-bj1it 8 месяцев назад +1

    Very helpful, thank you!

  • @antoinette2563
    @antoinette2563 6 месяцев назад +1

    Almost like my friday nights 😂😂❤

    • @BookkeepingMaster
      @BookkeepingMaster  6 месяцев назад

      LOL! Thanks for watching

    • @antoinette2563
      @antoinette2563 6 месяцев назад

      I have been watching all your videos the whole day! Iam also a qualified ICB Senior bookkeeper !

  • @hussainsabbier6693
    @hussainsabbier6693 5 месяцев назад +1

    Thank you so much

  • @md.rafiul.ahasan
    @md.rafiul.ahasan 4 месяца назад +1

    Thanks so much

  • @mccullumdamps5785
    @mccullumdamps5785 6 месяцев назад +1

    Thank you

  • @Michelle-q4n9l
    @Michelle-q4n9l 8 месяцев назад +1

    Thank You !

  • @Mamite926
    @Mamite926 8 месяцев назад +1

    Thanks!

  • @sharonmendoza1745
    @sharonmendoza1745 5 месяцев назад +1

    🥰🥰😃