Why should all expenses subject to CIS have to go to a single account?
It is absurd, to say the least, that when using CIS all other categorisation flies out of the window. Does CIS mean the end of organised accounts?
With regards to VAT, any number and type of accounts can be set up. When entering a bill or expense, any of those categories/accounts can be selected whilst also choosing whether vatable or not (and what rate). A default VAT rate can be set to a supplier, but that can be amended and doesn’t affect the category.
Why can’t CIS be the same? Categorise the transaction as you wish in addition to selecting whether to apply CIS. Off-course, the actual rate (0% / 20% / 30%) will be set according to the payee.
It's hard to believe such a major fault still exists.
As a workaround, though far from ideal, I would set up CIS sub-accounts within the existing categories. However, a sub account can only be of the same type as the parent account. Worse still, no new CIS accounts can be created!
I have just turned-on CIS for a client and hit this issue. At the moment all my clients are on QB, but out of reluctance to mess up their accounts I will probably have to migrate all property-development clients to alternative software.
I have already spoken to telephone support, and they had nothing to say!
Please don’t respond with suggestions unless you have properly read and understood this issue.
