Predict now automates the calculations needed to ensure accurate VAT/GST predictions if you are on the Cash scheme
An update brought to you by Futrli Predict
Many of our users have asked us to extend the Predict VAT / GST calculation schemes to include Cash based as well as Accruals based.
It’s now live.
Paying VAT or GST on a cash basis is common, and manually calculating tax payments is really difficult – given the variability in invoices or bills being paid.
Put simply with the Cash Accounting Scheme you:
Pay tax on your sales when your customers pay you
Reclaim tax on your purchases when you have paid your supplier
Predict will pay tax on sales when they are predicted to be paid
Predict will reclaim tax on your purchases when they are predicted to be paid
Predicted VAT/ GST liabilities are the most accurately calculated predictions, globally today.
You (or your clients) are never caught out.
Check it all out in their public product roadmap now!
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