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Status Awaiting Review
Categories iFinance
Created by Guest
Created on Feb 4, 2025

management reporting to be inclusive of VAT

Hi

Now that many schools now have to charge VAT but can also reclaim it it would be helpful to have the ability in budget holder summaries to pick up the costs inclusive of VAT not net. We budget inclusive of VAT and from a cash flow perspective with supplier payments forecast it inclusive of VAT. I understand from an accounting perspective it is set up correctly but it would be extremely helpful to have a management report that pulled the P&L and budget holder reports inclusive of VAT.

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