The quarterly close
This example shows a table that the The quarterly close magik would produce. The lab does not exist yet: Mojo builds it the moment you click, with your hours, your prices and your tone. What you read below was invented for this page.
The quarterly closeExample
The quarterly close4 rows
| Closing point | State | Anomaly |
|---|---|---|
| Output VAT reconciled to turnover | Done | 18 EUR gap, March credit note unmatched |
| Input VAT on purchases | Done | None |
| Subcontracting reverse charge | Done | 2 invoices without the wording, to chase |
| Capital items this quarter | Done | None |
The two subcontractor invoices missing the reverse charge wording do not block the filing, but they will repeat next quarter if nobody writes to the supplier. That is the kind of line an annual close let through four times before anyone noticed.
This lab can be yours, with your data where this example stands.
Mojo builds it during the customize session. Very small businesses on the simplified VAT scheme, and the accountants whose whole client base switches on the same day: that is who this one is for.