Problem with Quickbooks 2008 VAT Function

I heard that Quickbooks Pro 2008 has a problem with their VAT function. I spoke to Quickbooks on Monday and they assured me that the problem has now been fixed.

Has any one had problems with the VAT on Quickbooks and if so has it been fixed?
 
I have recently encountered a problem with VAT when upgrading QB. I wasn't personally involved in the upgrade procedure but I do know that the upgrade came with a set of instructions explaining what problems to expect and how to correct them.
The whole task was a fiasco. Somehow, during the upgrade process the system generated a second VAT control account and we ended up with input VAT being posted to one VAT control account and output VAT posted to the other. The VAT return calculation only picked up output VAT. We were unable to access the settings to change this and ended up paying for 12 months support to fix it.
 
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carey bookkeeping

The only problem i am aware of is when upgrading. You need to read the instructions and take a copy of the last return you had done in say 2006 version.
Havent encountered the problems that sheelagh had.
 
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I am not upgrading, I'm a new user. I hope 'Quickbooks' will be the right choice. What do you think of their Pro 2008 version of quickbooks. I've heard some of the 2006 Pro users complain that Pro and Premier 2008 is more complicated and gearing towards sage.
 
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carey bookkeeping

Quickbooks has always been my 'first' package. Started with 2001 and have upgraded when needed. I have the accountants version, used to have pro. Dont think anything has changed. The lay out is a bit different and was off putting at first. The main change is that it now 'locks' the vat for both standard and cash.
I also have sage which i do like but find quickbooks more user friendly for my clients.
 
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visagephoto

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I am not upgrading, I'm a new user. I hope 'Quickbooks' will be the right choice. What do you think of their Pro 2008 version of quickbooks. I've heard some of the 2006 Pro users complain that Pro and Premier 2008 is more complicated and gearing towards sage.

If you check out Intuits website you'll find screen shots etc. for all the latest versions. They actually look similar to previous versions, and the interface appears to be a bit more user friendly.
 
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Philip Hoyle

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  • Apr 3, 2007
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    There is still a massive problem when entering a payment or invoice that has more than one analysis line. Under the old (2006 and earlier) versions, you could happily enter many different items with different analysis codes and happily "edit" the VAT for each line/item.

    In 2008, according to their support, they have "improved" the algorithm for the VAT which basically means VAT is now a single figure for the whole payment/invoice. Yes, it is possible to "edit" the VAT, but then the first line of the analysis goes completely haywire - even if it a "zero" rated item, changing the VAT in total will probably change the first line of analysis, and by doing so, it changes the VAT total again. Basically, now if you have a combination of zero and standard rated items on the same payment/invoice or have other reasons for using several analysis codes for one payment, then you'll be stuffed with the 2008 version and have to enter them as completely separate payments/invoices!

    Considering the ability to have multiple analysis lines for payments/invoices was one of the main benefits of QB over its rivals, they've really shot themselves in the foot with this. According to their support, they think they are now right and have no plans to change the system to go back to where they were before.

    QB used to be our preferred software. We've tried to stay with it and have hoped that they were going to solve all the problems with 2008, but it seems that they've now come to the end of their "bug fixing" over the past year and whilst they have restored lots of features that they forget to put in the early releases of 2008, it simply isn't as good as 2006 and earlier. After many of our clients having major problems with it, and in house we also saw the problems, we have now made the decision to part company with them. We are now in the process of migrating a few dozen of our clients away from QB and onto other more user-friendly systems.
     
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    MyAccountantOnline

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    Philip your detailed explanation was really helpful - can I ask what package you are recommending to your Quickbooks clients? I generally recommend VT for my smaller clients but am undecided on what is a really good alternative to QuickBooks.
     
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    Philip Hoyle

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    Philip your detailed explanation was really helpful - can I ask what package you are recommending to your Quickbooks clients? I generally recommend VT for my smaller clients but am undecided on what is a really good alternative to QuickBooks.

    We're going with a mix of VT and Kashflow. For in-house book-keeping, we're using VT, but for clients doing their own, we are recommending Kashflow. We found that clients needed a lot more training to use VT and it isn't quite so easy or intuitive to use. So far, all clients have taken to Kashflow like a duck to water! We've not quite figured out what to suggest for clients whose needs are more than Kashflow can offer. We've dallied with winweb but really don't like it at all - its obviously a Sage clone and has all the same inflexibility issues as Sage.
     
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    MyAccountantOnline

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    We're going with a mix of VT and Kashflow. For in-house book-keeping, we're using VT, but for clients doing their own, we are recommending Kashflow. We found that clients needed a lot more training to use VT and it isn't quite so easy or intuitive to use. So far, all clients have taken to Kashflow like a duck to water! We've not quite figured out what to suggest for clients whose needs are more than Kashflow can offer. We've dallied with winweb but really don't like it at all - its obviously a Sage clone and has all the same inflexibility issues as Sage.

    Thank you very much
     
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