I have used this one several times as unlike most forecasts that measure cash coming in against cash going out, this model includes the VAT component. Whether you are on standard or cash accounting schemes this tool will help predict what liability (o refund) you are due 5 weeks after the deadline. The “budget “figure will give you what you expect to come in and the actual provides the real amount that has been paid informing you who to chase and what you can pay. This helps you to plan your payments out with regard toyour largest creditor HMRC. For articles on to use VAT to your advantage read from the link below:
