Brandon, MB––March 17, 2022: QuickBooks UK QuickBooks U.S. have different ways of handling taxes.
Simply put, the U.S. has a sales tax whereas the UK version uses VAT that are exclusive from one version to the other, and is prevalent within companies in the UAE, Saudi Arabia, as well as others that have introduced VAT filing requirements.
Because the US version of QuickBooks does not handle VAT, data files need to be converted to the UK version to handle VAT filings. QuickBooks UK keeps track of VAT across all sales, expenses and other transactions, generate VAT returns in one step, check exactly how much VAT is owed at any given time.
Where QuickBooks UK stands out is its tax planning support. With this, users can separate personal and business expenses, track mileage, automatically view income estimates and easily get all the figures needed when it comes to submitting a self-assessment tax return.
The base self-employed plan has a standard cost of just £8 per month which s ideal for most self-employed people. If registered for VAT, an upgrade to the Simple Start plan £12 per month would be recommended as this allows users to easily prepare and submit electronic VAT declarations.
For most people, QuickBooks is the perfect self-employed accounting software, with a very strong base package elevated by specialised tax planning support for sole traders and freelancers. It’s reasonably priced, and has a strong track record, having been available in the UK since 2011.
QuickBooks Repair Pro’s international edition conversion service modifies the nationality of QuickBooks, bringing both versions into sync. Limitations include payroll transactions that cannot be transferred from one file to another and payroll checks that will only be transferred as regular checks with full line item details. Usernames are also not transferred from the secondary files to the primary file and users would need to be re-created after the merge.
Visit https://quickbooksrepairpro.com/Quickbooks-US-to-UK-for-VAT.aspx for more information.
About QuickBooks Repair Pro
QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).
For more information, visit https://quickbooksrepairpro.com/