Although the VAT Adjustment Document may be used for general adjustments to the VAT reports, it is primarily designed to support handling of “Partial VAT” recovery. A VAT Adjustment Document can apply to either Purchases or Sales and can specify either a single or multiple transactions that require adjustment. This enhancement is designed primarily for organisations that do not use …

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We are delighted to launch of the latest version of Aqilla fit with MTD functionality. The March 2019 release of Aqilla (1903) sees a whole new range of features bringing forth new Making Tax Digital (MTD) functionality for automatically submitting VAT information to HMRC; an option to filter on additional system attributes when using the Automatic Transaction Matching function; new …

The current payment process generates a single payment transaction per creditor irrespective of the number of invoices being paid. Because of this consolidation, the payment transactions do not contain any analysis information that may be held on the invoice. A new flag called “Analyse Payments” has been added to the Instance Settings, under the Configuration tab. If this flag is …