Hi Guys, so I am due a refund for P30 that was overpaid in Nov & Dec. When I try and upload the XML file created with Bullet I get an error from Revenue, Reason for Upload Failure – Error: USC Amount is too small in one of the records. Any suggestions? Thanks, Luke
Hi Luke, we’ll look into this for you and get back. Pete.
Thanks Pete, it's a refund so I assume that's the issue.
We're chasing this up today.
I called Revenue, for the December 2016 P30 it cannot be negative, but I must pay the PRSI and enter 0 for USC and PAYE, so I still owe them money. The PRSI sum must be paid as it goes to Dept of Welfare.
Due to being late in the year I must reclaim the money due via the P35 submitted next month for 2016.
So my question is, I assume my generated P35 is based on the refund that did not happen on the December P30. How can this be adjusted for the refund due.
Also can you add to the feature request for your software so that it handles negative numbers and does not generate a ROS file with such but does submit the due PRSI for P30 and if late in the year when it cannot be offset the following month it reflects this refund due in the P35. I understand that this is a bit of an edge case...
Is there a short term solution that can he jigged for my current P30 due and P35?
I've passed it over to our Revenue expert they'll get back to you with exact answer. Thanks for the update.
Great, thanks Pete.
I look forward to hearing from them.
Was there an update from the Revenue experts?
Hi Luke. I'll follow it up for you now. Pete.
I can manually file my P30 on Jan 14 via ROS, but I wanted to know if it's possible to get this rectified in the software?
Hi Luke, it's still with John. We'll update once we know. P
Hi Luke. Sorry this took so long, Bullets not designed to create refunds for P30's. it's pretty rare.
You can manually submit it.
We checked the numbers and they're all correct (that's what takes the time).
Sorry again about the delay we just wanted to make sure they were correct.
Is there plans to support this in the future, or flag to the user that returns are not supported.
For the P35 return I will need to file manually based on the numbers.
It's pretty rare Luke, this is the first one we've had in 6 years.
I've updated our support notes, we try and not hit the client with a lot of info as they don't read it. But, with the updated notes we'll be able to tell them straight away what they need to do.
When building Bullet we realised there are a lot of fringe cases in accounts, if we built a product to do them all, we lose the simplicity around the other tasks that are done 90% of the time.
So we cover it with quick support, and accountants. So sorry you were the first on this!
I was discussing Bullet HQ with two friends of mine who each have their own business and I mentioned that Bullet HQ will handle their P30, P35, VAT3, VAT RTD etc. They were extremely interested and I’m sure I can convert them this week.
Can you send me a full list of what Bullet HQ can do and maybe a video overview link if one exists? A nice one pager would be great.
Also does Bullet HQ support bank reconciliation with AIB and BOI business bank accounts? Also does it capital depreciation, when you purchase a computer will it automatically depreciate over 3 years and calculate what’s claimable, etc?
On a last note, I use Xero for years - but only recently started to use Bullet HQ for payroll - do you offer a method of importing all my past 18 months of Xero data into Bullet HQ?
That's great - We're not sure why every small business in Ireland isn't using Bullet. It's immensely good value and pretty much automates all your mid year taxes.
It's kind of miles ahead of all the centric products.
I'll answer your questions here.
You can import any files from Irish banks and any other fin company.
Here is how we handle depreciation.
I've attached a screen grab from our new marketing site which just displays features. It's still in Dev so excuse any typo's.
There is no way to import payroll or other accounts products info
We generally give people converting over the following advice:
Run a Trial Balance on your existing accounting software.
1) Enter all your currently outstanding invoices and bills into bullet (only the ones with payment due - not the paid ones).
2) Take a look at the Trial Balance on Bullet.
3) Figure out the difference between the original trial balance you got from your old software and the trial balance in Bullet.
4) Enter these differences as a big manual journal entry.
After the above, your trial balance on Bullet should be the same as on your old software, and you're all ready to go.
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11Hi Peter, I’m wondering how best to create a credit note against a specific invoice. I tried doing it some time ago but somehow marked the invoice paid instead of cancelling it.13Am attempting to import CSV bank statement from Ulster Bank Ireland account. Looks like I will have to do ALOT of hacking the export file from UB to get it into the sample format… do you know if this is normal for UB customers needing to import into BulletHQ?127VAT threshold reached51How do I account for a payment made to my a/c in error by a client?12My book-keeper Bernie Carroll has gone on her holidays and won’t be back until June 19th. I have all of my accounts up to date and I want to send statements for invoices I have generated during the month of May and for any outstanding non paid accounts earlier. Can you give me a brief run down about how I would generate statements. Many thanks, Felim