5 Oct 2016
Insurance Premium Tax (IPT) is not the same as Value Added Tax (VAT) and therefore cannot be reclaimed as VAT. When processing invoices including IPT you will need to pay this tax…
16 Dec 2011
Following the recent FMS upgrade schools are now required to enter a VAT registration number when entering a VATable  Petty Cash Expense. VAT registration numbers can be found on the front or…
11 Feb 2011
This information is held by each ledger code. 1.  In FMS go to Tools>General Ledger Setup>Ledger Codes 2.  Highlight the required code and click the edit pencil on the right 3.  Edit…