Announcing New Functionality:
Flat-rate VAT

31 October 2016

Our single most requested (and longest-awaited!) new piece of functionality has just launched: Adding flat-rate VAT to your cash flow, balance sheet and Profit and Loss - and all with just two clicks!

Add VAT to your business financial forecast

In true Finanscapes style, the forecasting tool does the hard work for you. All you need to do is enter your particular flat VAT rate (taken from the HMRC website), and the month when you intend to register your business for VAT. From that point on, we'll calculate how much of the sales price of each product line will need to go to HMRC, and when. From there we can show you what your profitability will be, how your cashflow will be affected by your VAT returns and even how much money on your balance sheet at the end of the year is the VAT man's rather than yours!

To enter those two pieces of information just go to Your Plans page, and either press the big PLUS sign to create a blank new forecast or flip-over the card for an existing forecast by pressing the Options banner at its base:

On the back of the card you'll see there's nothing more to do than enter the percentage and the month you'll register. (It's fine to enter a month in the past if you're already registered - we'll use it to calculate when your first year VAT discount will end). If you'd like to do a direct comparison you could make a copy of your old forecast first by pressing the "Clone" button in the top right corner on the back of the card, then set the VAT details on the newly created copy.

Finanscapes will handle the rest - including:

Two clicks and VAT is added to your P&L and cashflow forecasts

Try It Out

If you're not familiar with Finanscapes, why not take a look at an existing forecast that we've published without even registering? Once you've opened it up, click on the little "copy" icon to the right of the plan name ("Pete's coffee shop" in this example). That will create your own working copy of the forecast so you can make your own edits. Once you've done that you can see what VAT would do to this forecast by going to Your Plans page, flipping-over the card and entering a rate and a date as we've described above.

You can see the business-wide Profit & Loss, Cashflow and Balance Sheet information at the top of the Plan Overview page, and everything else is only a click or two from there.

Some Technical Details

Just in case you're interested in some of the technical bits:

Any questions? No problem, give us a call on 08000 24 89 24 or send us an email on and we'll get straight back to you.

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