Bank Feed and VAT

Just set up Bank feed which is great, however we are VAT registered so how do input this…do I still need to create individual purchases? any guidance?

You do, but there’s several shortcuts. You can create a purchase record as part of the process of tagging bank transactions, though this will make the purchase date match the payment date which may not be accurate. The way I tend to do it is to send my purchase receipts/supplier invoices to the receipt hub, create the purchases there but leave them unpaid, then tag the bank transactions to the unpaid purchases to mark them as paid.

Hello @martinsimpson-hughes

Here are some links to help you regarding what @ian_roberts mentioned.

This topic was automatically closed after 7 days. New replies are no longer allowed.