Pegasus Capital Gold

• Important VAT Changes: How to update your Capital Gold software

  Following the Chancellor's recent announcement, there have been changes made to the standard VAT rate. To do this please follow the below instructions and download the utility:
  
  

  Important Points about the Utility

  • It works with data from Capital Gold Accounts. It replaces 17.5 % VAT codes with 15% VAT codes on Customers, Suppliers, and Products and quotation, proforma, and sales order lines that have not been invoiced. The document lines are also recalculated.
  • It must be run for each individual company one at a time. Make sure everyone logs out of the product beforehand.
  • It must be run from the computer where Capital Gold Accounts is installed. Copy the VatRateCap.exe program into a folder on the computer.

  Before Running the Utility

  1. Create a new VAT code using a rate of 15%.
  2. Log out of the product and make sure everyone logs out.
  3. Take a backup of the data files.

   

  

  Running the Utility

  4. Run the VatRateCap.exe program. The data location box automatically displays the location of the Capital Gold Accounts data.
  5. Click the Get list of Companies button to choose the companies you want to work with.
  6. Select the existing VAT code from the Select Original VAT Code (17.5%) list.
  7. Select the new VAT code from the Select New VAT Code (15%) list.
  8. Tick the Adjust VAT Inclusive figure on Products box if you want to change the VAT inclusive selling price on product items.
  9. Click the Update all Customers, Suppliers, and Products of Original VAT Code to New VAT Code box to replace the 17.5% VAT code in these areas with the new 15% VAT code.
  10. Click Update Proforma/Quotation and outstanding Order Lines to appropriate VAT codes to replace the 17.5% VAT code with the 15% VAT code on proformas, quotations, and sales order lines that have not been delivered or invoiced.

  After Running the Utility

  11. Check the audit log (VATRateCap-log.txt) that was created for each company in the C:\Documents and Settings\All Users\Application Data\Pegasus\CapitalGold folder.
  12. Run Capital Gold Accounts and check the changes to the Customers, Suppliers, Products, and sales order lines (if relevant).

   

  » DOWNLOAD VAT RATE UTILITY FOR CAPITAL GOLD (EXE)
  » DOWNLOAD VAT RATE UTILITY INSTRUCTIONS FOR CAPITAL GOLD (PDF)