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Companies that provide services can gain many benefits from using A++. In particular, producing invoices for services that defer the VAT liability until the invoice is paid can aid cash flow dramatically.
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A++ handles this efficiently by creating Service Invoices which post the VAT liability to a VAT Accruable account until it is paid. The Service invoices are easily converted to Tax Invoices/Receipts, without re-entering data, and the VAT Report updated for payment. Withholding Tax liability is recorded together with the form details, if one has been received. |
Service providers often need to enter long descriptions about their services on invoices. A++ handles this with the Text Invoice feature. Lookup items in the Stock module can be used for regular items which saves typing in repetitive text and prices, without having actual stock quantities updated.
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