Add Functionality To Pegasus Opera II & 3 For Tax On Payments Received Only

The KC Cash Accounting software module adds additional functionality to Pegasus ensuring tax is only paid on a VAT return for invoices for which payment has been received – not on those which have been just invoiced.

Provide A Valuable Cash Injection To Your Business:

  • Only pay tax on paid invoices
  • Reduce your VAT return
  • Reduce bank charges and lost interest
  • Improve cash flow and provide relief from VAT on bad debt

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Add Functionality To Pegasus Opera 3 For Tax Payments Received Only

Kamarin Computer’s cash accounting software helps to improve your cashflow by ensuring that these figures are correctly calculated and that VAT is only paid on money, which has actually been received. This could allow you to benefit from a cash injection which could help to reduce bank charges and lost interest.

Changes in the law which came into effect on 1st April 2007 increased the limit at which companies can submit their VAT return based on payments (and not invoices) from a turnover of £660,000 to £1.35 million (and you can remain on the scheme until you reach a turnover of £1.6 million). For many new companies the scheme not only offers a cash flow benefit but also provides automatic relief from VAT on bad debts without the need to apply for bad debt relief.

Features Include:

    • Avoid paying unnecessary tax if your turnover is under £1.35 million
    • Line off current transactions using KC Cash Accounting’s own period end routine
    • Sales and Purchase VAT values report relevant to allocation transactions
    • Enter a VAT rate to be used for calculations on the un-allocated cash report
    • Reduce your VAT return
    • Avoid bank changes and lost interest

The HBP GroupWho Are We?

Our organisation consists of three companies; HBP Systems Ltd, Kamarin Computers Ltd and Jugo Systems. HBP are based in Lincolnshire, Kamarin in Cambridgeshire and Jugo in Hampshire. Between us we cover the vast majority of the UK and work under The HBP Group name to provide a seamless service between our northern and southern offices.

About Us >

We specialise in providing accounts software solutions and accounts software support to businesses in multiple industries across the UK. Our 40+ years experience and award winning support, means you’re in safe hands.

Discover More In Our Range Of Add-Ons For Sage, Pegasus & Exchequer

Increase Efficiency, Save Time and Reduce Overall Costs With Our KC Add Ons For Accounting Software

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Not Sure What Plugins or Extensions You Need?
Book A FREE Accounts Software Review Today!

If you’re looking to expand your accounting solution then get in touch and book a review with one of our experts to discuss your requirements and find you the right solutions.
Our team is hugely experienced and can assist businesses of all sizes – so whether you’re looking at new plugins or a brand new accounting solution – we can help!

Our advice and guidance is always free and we’re happy to talk to any business, no matter what stage of the thought process they’re going through. We have built our business on the values of trustworthiness and passion and will happily provide assistance to you, so if you want a chat, just get in touch.

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Businesses and Organisations Who Rely on The HBP Group for Accounts Software Support & Solutions

We help businesses of all sizes across a wide range of industries. Because we always start our process by discussing business requirements, we have helped a huge number of organisations improve efficiency and reporting within their finance departments by choosing the right solution for their organisation.

View Our Case Studies >

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