In UK and SA VAT is on an invoice based system. The tax point is the earlier of receipt of payment or date of invoice. On Manager it seems to be set to invoice only and does not update tax due when early receipts are logged. This creates a non compliance issue as early payment is not captured in the correct VAT period. (i.e. if an invoice is for 1/06 and generated early in order to send to clients before 1/06 and the client effects payment on this invoice on 28/05 the system holds the VAT due at 1/06 instead of shifting it to 28/05 - being the earlier date hence the tax is due on the earlier of invoice or payment - this then creates an incorrect tax report and a non compliance issue)
Is there any way to set Manager to correct this?