Add Quote

The Add Quote transaction allows you to create/modify a quote and/or print or email it. Quotes can be accepted and sales invoices created directly. No accounting entries are made until a quote is converted into an invoice. The information collected in the Quote maintenance screen is sufficient to create a full sales invoice with no further data required when the user is ready.

If a quote creation transaction has just been completed, a blue confirmation statement displays to allow for PRINT or EMAIL. The invoice is created in a pdf format so that it may be printed for posting as well saved on the local computer. If no valid email address for the customer has been entered then the EMAIL option will not display will display.

Customer

Enter the Customer from which the income has been received.

Auto-complete field names

Rather than a drop-down to select from a list, simply start typing and the system will identify any occurrences of the combination of characters entered and you select from that shorter list. As an example, type 'able' and the system will offer:

Able Contractors

Capable Cleaning

Reasonable Roofers

etc.

Adding new customers / suppliers

If the combination of characters you enter does not provide any results, press tab and the system will know you need to add the customer/supplier and ask you to confirm the details. At this point add address, email contact etc if required.

Ship To

If it is required that a ship-to address appears on the Invoice or Credit Note select a ship-to address associated with this Customer.

Leaving the default "Ship-to = Customer" means that only the Customer (Bill-to) address is displayed on the document.

Quote Number

You may enter an quote number or you may leave the field empty. If the field is left blank the next quote number is generated for you.

The next number and format for the sequence can be modified from the Document Settings under the control menu.

Control - Document Settings - Sales Quote tab

Purchase Order Number

In an Invoice to a customer the purchase order number (P/O number) is normally the customers reference number that you want to associate with a specific invoice/credit note. This allows the customer to easily cross-reference your invoice/credit note with their purchase order.

In a Bill from a supplier the purchase order number (P/O number) is normally the order reference number that you asked them to associate with a specific invoice/credit note.

Invoice Style

You can specify the style that you would like for your printed invoice. This field defaults to the value selected on the Document Settings screen but you can always override the default on the invoice if required.

PDF View sample standard invoice
PDF View sample service invoice
PDF View sample professional invoice
PDF View sample goods invoice
PDF View sample retail sales receipt with line item VAT
PDF View sample retail sales receipt with VAT total only

The goods invoice style is used when a product code as well as descriptions are being shown on the document. The displayed product code is set in the sales item maintenance screen

The retail sales receipt is for a situation where the document is used to confirmation that payment has been received. The version with VAT total only does not display any VAT references against the individual line items, only a total at the base of the document.

Quote Date

The quote date defaults to the current date, it may be overridden as required.

Valid To Date

The valid to date is computed from the quote policy set on Document Settings. It may be overridden.

Customer

Enter the Customer from which the income has been received.

Auto-complete field names

Rather than a drop-down to select from a list, simply start typing and the system will identify any occurrences of the combination of characters entered and you select from that shorter list. As an example, type 'able' and the system will offer:

Able Contractors

Capable Cleaning

Reasonable Roofers

etc.

Adding new customers / suppliers

If the combination of characters you enter does not provide any results, press tab and the system will know you need to add the customer/supplier and ask you to confirm the details. At this point add address, email contact etc if required.

Ship To

If it is required that a ship-to address appears on the Invoice or Credit Note select a ship-to address associated with this Customer.

Leaving the default "Ship-to = Customer" means that only the Customer (Bill-to) address is displayed on the document.

Trading Terms

The trading terms represent the number of days by which settlement of an invoice or bill is due. The trading terms for a customer or supplier can be specified via the appropriate maintenance transaction, but can be overriden on documents if required.

When raising an invoice an additional payment terms option "Paid In Full" is available. When this option is selected an additional drop-down appears which allows you to select a bank account. If a bank account is selected the receipt will be recorded and the invoice closed.

Show VAT (Only displays for a VAT registered Organisation)

The box will default to the status set in document settings. It can be amended.

Message

You can enter up 200 characters of additional free format text for printing on the quote This text will appear in the area allocated towards the bottom left of the quote.

Note that this message will also appear on any subsequently created sales invoice.

Adding the line item details of the Quote

The line items that make up the quote value now need to be added. A line item is a number of units of a Sales Item extended by the unit value to give the total quote amount.

ADD ITEM button accesses the line item input. Select the Item from the drop-down. Default values, if they exist, for Rate (Unit sales price) and VAT Rate (If VAT registered) are displayed. These defaults may be overridden. Enter any Notes (This will be printed on the Invoice) and then enter the Quantity for the sales item. The system will extend the values and summarises them.

SAVE ITEM button saves that line item in the screen. Clicking ADD ITEM button on each occasion allows user to enter further Line items. UNDO ITEM cancels the current line item data.

Sales Item

A list of sales items offered by the organisation.

Rather than a drop-down to select from a list, simply start typing and the system will identify any occurrences of the combination of characters entered and you select from that shorter list. As an example, type 'con' and the system will offer:

Consultancy Services

Design Consultancy

Office Contracting

etc.

If the combination of characters you enter does not provide any results press tab and the system prompts for a new sales item to be set up. Navigate to the Sales Items menu.

Income - Sales Items - Add

Enter sales items information as usual.

Notes

The Notes field can be used to enter free format descriptive text. Click on the notepad symbol to open a dialogue screen where up to 750 characters may be typed in.

The note will appear as text against the line item on the invoice

Rate

The rate for the selected sales item is the default unit amount set up when the the sales item was created. The default rate can be overridden if required.

Net Amount

The net amount associated with the item.

When recording purchases, if you have a gross amount and want liberty to calculate the net amount and vat amount simply enter the gross amount in this field, select the appropriate VAT code, and type "g" in the VAT amount field.

VAT Rate

The appropriate VAT rate for the account must be selected. Default VAT rates can be associated with an account via the Account Maintenance screen which is available from the chart of accounts view.

If the business is on the HMRC Flat Rate VAT Scheme, as defined on the VAT details tab of the Business Profile, the VAT rate will default to "Out of Scope" for all purchase transactions. This can be changed if necessary. Exceptions may apply for purchases of capital assets of significant value, please consult your professional advisor.

Current VAT Rates

20.0%, 5% & Zero, used for normal UK VAT transactions.

Exempt

Used when a transaction is an exempt supply; such as the purchase of insurance. See the VAT Guide (Notice 700) for more details or visit the Revenue and Customs site at www.hmrc.gov.uk

EU Acquisition

Used when you purchase goods from a VAT registered supplier in an EU member state. Make sure that the VAT code is set to EU Acquisition, and that the VAT amount shows the VAT which would have applied if the purchase had taken place in the UK. The correct country must be set on the supplier record to ensure correct reporting of the transaction.

EU VAT

Only used if you have you have incurred VAT in an EU member state, (i.e. local VAT). This CANNOT be recovered as input tax for UK VAT. You may make a claim for refund from the member state. A scheme exists to do this known as "Refunds of VAT in the European Community for EC and non-EC businesses" The details are in notice 723, refer to the Revenue and Customs site at www.hmrc.gov.uk Use of this VAT code is described more fully in the "VAT and Liberty Accounts" user guide.

Out of Scope

Used when a transaction is not in the VAT system at all. For example payments into a money purchase pension scheme are out of scope because they are equivalent to savings. Recording a payment of VAT to HMRC is a common example where Out of Scope should be used, as are salary payments and repayments of director loans. Using this code will result in no VAT reporting impact.

None

This code is used where there is no VAT on a purchase transaction, typically from a supplier who is not vat registered. This is not the same as zero rated, exempt or out of scope. The impact is that the value of the purchase is included in box 7 of the VAT 100 return.

Average

This code can be used where there the transaction is recording an aggregation of mixed VAT codes in a single entry with the VAT amount manually set as required.

Special Note - Reverse Charge for Purchases From Non EU Countries

Typically this is required for a purchase from a non-EU country where no VAT has been paid. It simply provides a means of accounting for the VAT that would have been paid if the good or service was purchased in the UK. Applying a reverse charge VAT process will have no impact on your VAT liability.

To use this feature simply set the VAT on the item(s) to the appropriate VAT rate(s) that would apply had the item been purchased in the UK and submit the transaction with the Reverse Charge VAT checkbox ticked (Located in the "Analysis" tab of the voucher in the top half of the screen).

If you subsequently view the item you will notice that the VAT rate has been set by the system to "Out of Scope". This is correct. If you need to make changes to the transaction you must reset the VAT codes to the appropriate code so that the Reverse Charge can be created again using the correct VAT amounts.

VAT Amount

The amount of VAT charged on this item is automatically calculated based on the vat code selected but can be changed.

When recording purchases, if you have a gross amount and want liberty to calculate the net amount and vat amount simply enter the gross amount in the net amount field, select the appropriate VAT code, and type "g" in the VAT amount field.

To record the transaction click on the SUBMIT button.

Analysis Tab

Any analysis to Branches/Funds and/or Activities is selected on the analysis tab and will carried forward for any subsequently created sales invoice.


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