laurasmith87
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Self Assessment Etsy Seller - About to become VAT registered - Advice needed
I am hoping some people can help me. I sell on Etsy and registered for self assessment, I have an accountant that handles that for me. I am about to become VAT registered due to getting close to the threshold. Etsy is already a bit if a minefield when it comes to their CSVs for sales/fees etc, I use A2X software to break down the CSV for me and then manually input that against the bank transaction (payment received by Etsy). As I am not yet VAT registered I have not yet entered a VAT number on Etsy, so at the moment all transactions are not showing VAT, so I am wanting to wrap my head around how this is going to work, and most importantly how best to record the figures needed on Xero. Ideally in the most cost effective way!! Does anyone have advice on software used to make sure I am getting the correct info and recording it correctly. Or is it best to work off the Etsy CSV. Basically any advice will be very much appreciated, the whole thing is a tad overwhelming to the point where I wish I had scaled things back and not got this close to threshold! Thank you in advance