Osprey Academy - Customer Support & Training

Using Osprey

Learn how to use Osprey to manage your day-to-day operations and processes

Who is this guide for?

Accounts Users and Accounts Supervisors

Osprey will allow you to keep track of the quarterly collection of VAT to HMRC using the VAT Journal.

At the end of quarter the amount of VAT due to HMRC is payable.

Step 1

Select Banks & Journals

Step 2

Choose VAT JNL, select the relevant Branch and Dept and click Refresh

Step 3

Click Post

The posting type will show as Vat Payment

Step 4

Set the correct Posting Date, type the appropriate Detail, from the drop-down list select the correct bank, the Bank Amount is the amount to be paid to HMRC.

Enter a reference and click Post.

If a refund has been received, this can be posted as a VAT Adjustment.

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