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How do I change the accounting and VAT details of my business?

Go to: ‘Admin’ > ‘Open Accounting’ > ‘Settings’ > ‘Accounting details’ in the app, and you can change your:

  • Accounting method (Cash or Accrual accounting)

  • Financial Year start date – based on this date, we'll prepare your financial reports and your tax return, and make them available to you under ‘Admin’ > ‘Open Accounting’ > ‘Overview’ > ‘Reports’.

  • VAT details, if you’re VAT-registered. This includes your VAT registration status, VAT number and registration date, and VAT Accounting scheme.

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