Who is this guide for?
Accounts Users and Accounts Supervisors
Osprey will allow you to keep track of the quarterly collection of VAT to H M Customs and Revenue using the VAT Journal.
At the end of quarter the amount of VAT due to Customs is payable.
Set the correct Posting Date, type the appropriate Detail, from the drop-down list select the correct bank, the Bank Amount is the amount to be paid to HMRC.
Enter a reference and click Post.
If a refund has been received, this can be changed to VAT Adjustment.