If you (the taxpayer) have multiple businesses, records can be kept/quarterly updates can be submitted in the same VT Cash Book file for:
•One self-employed business
•Total UK properties
•One foreign property
Furthermore, if you are VAT registered, VAT returns can be submitted from the same file as the quarterly updates.
More than one self-employment business
As you can only submit quarterly updates for one self-employment business from a VT Cash Book file, the options if you have more than one self-employment business are as follows:
Add property accounts to a self-employment file
If you want to create accounts for property in your existing VT Cash Book data file:
1.Select Set Up > Ledgers > New > [Click on one of the property income ledgers in blue on the bottom left] > OK.
2.Select Accounts:
3.Select New:
4.Enter the name of the account and click OK. Repeat steps 3. and 4. for each new account that you need.
5.Repeat steps 1. to 4. for the property expenses ledger.
Create a combined self-employment and property file
If you want to create a VT Cash Book file for self employment and property from scratch, select File > New Company > [Enter the name of the business] > [Select Self employment and property] > OK.
