Hire purchase and claiming input

[QFMathew]

Hello @Pete7

@Pete7

I assume QF can’t pick -up entries on the vat return through journals then ?

That’s correct. Although the VAT return will pickup VAT from prepayments as well as invoices.

@Pete7

What’s the best way to ensure the correct amounts are shown in boxes 4 & 7 to reflect the transactions ?

I would certainly run your scenario past your accountant to ensure it’s all correct, but there are a few previous posts on the forums which may be of some help:

• Hire Purchase entry
• New Vehicle (Company Car) Asset Entries
• How do I enter a deposit paid for a car?