Learn More: Accounting & Reporting
One of the main bugbears of running your own business
is filling in the yearly Self-Assessment form and quarterly
VAT returns. This is where AngelBooks can help!
VAT returns can be easily generated by running a VAT report and AngelBooks is fully complient with HMRC's Making Tax Digital scheme allowing VAT reports to be automatically submitted at the click of a button.
VAT reports can be configured either quarterly or monthly dependent on how you are registered
with HMRC. EC sales lists are also easily generated since AngelBooks records
the country of origin of each customer as well as any sales tax number associated with them.
Self Assessment forms are very easy to fill in with AngelBooks as well. Simply
run the report and it will generate the income and expenses figures required in
either the short form or long form formats.
AngelBooks has an accounting ledger and hence is capable of producing a
Balance Sheet and detailed Profit and Loss report to provide you with important business information, and can also be used as the basis for your year-end accounts,
In addition, the system can generate a sales report which shows revenue and gross product by product and can be used to highlight products delivering most and least revenue and gross profit.
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