Hi,
Can you anyone tell me how to enter Hire Purchase in Qucikfile So the full VAT is entered in the initial deposit please.
thanks
Chin
Hi,
Can you anyone tell me how to enter Hire Purchase in Qucikfile So the full VAT is entered in the initial deposit please.
thanks
Chin
The usual way to enter vat that comes to more than 20% of the net is to enter one line at 20% vat for the full amount to get the vat right, then add a second negative line at 0% vat to bring the net down to where it should be.
Have a search for ‘VAT only invoice’ for a guide.