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 …

Month or year end doesn’t have to be slow or difficult. Here is a best practice guide to the busiest times of the accounting and finance year with 5 tips to facilitate a quicker and more efficient period end. READ THIS EBOOK TO FIND OUT MORE

With the Aqilla Excel Add-in, the user can analyse live data, update reference data or import transactional data straight from an Excel worksheet into Aqilla. Because we know there are two different versions of Microsoft Excel / Office, one for 32 bit and another which is 64 bit, our MS Excel Add-Ins are also available in two versions. These versions are …

As a balance-sheet-driven business that requires unique understanding from within the finance team including how to easily track what’s happening in the instance of policy holders (customers) also being policy claimants (creditors) and is a situation that is becoming increasingly complex, especially as the rest of hte business continues to technologically evolve. Integration is critical Integrating systems across all your lines …

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 …

For some time Aqilla’s VAT 100 report has produced the information required to file quarterly VAT returns either on paper or online and now, in accordance with MTD requirements, Aqilla clients can automatically provide HMRC with an update of figures that are presented in this report and has officially been approved and subsequently added to the HMRC’s list of VAT …

Aqilla is a modern cloud based accounting solution designed to suit the needs of mid-sized organisations, remotely and 24/7, saving money and time. We combine all the features and tools you need to be a successful finance professional. See how it can make the difference for your business.

The Thalidomide Trust’s Finance Director Jenny Tunbridge talks about the process of implementing Aqilla and how it’s reduced costs and increased efficiency at The Trust.

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 …

Making Tax Digital

Aqilla have officially been recognised as a software supplier with VAT compatible product in development and will certainly be ready to support customers well before the enforcement date.