Hi. I would appreciate some assistance on the following…
A personal purchase of £900 has been made via the company debit card on a VAT registered limited company. I have tagged this to the DLA as per the QF guides to ensure the VAT is dealt with by QF and the DLA account is showing a £900 credit. Is it possible to zero the DLA by marking this transaction as a salary drawing? Or does it need to be part of the year end accounts?
Thanks in advance