Hi,
I was awarded a growth voucher for my business to go towards consultancy fees etc. The process entailed me making full payment for the service incl VAT & then the government would reimburse me 50% of the amount (excl VAT). I have now received the 50% refund but unsure of how to show this correctly in Quickfile.
Any assistance would be appreciated.
Many thanks,
Sammie
Follow these steps:
First set up ‘HMRC’ as a new client, visit our knowledgebase guide for further help on adding a new client.
Now set up new nominal code called ‘HMRC Growth Vouchers Programme’ or ‘Grants / Awards / Vouchers’, in order to separate the voucher from other income, visit our knowledgebase guide for further help on adding a new nominal code.
Now, enter the voucher amount into the relevant bank account that the funds were deposited into e.g. The Business Bank Account, this can be done by either uploading the transactions from your bank statement or entering the transaction manually as a new deposit, by clicking on the button ‘Input New Transaction’. if you’re using the Barclays Bank Feed, the deposit will appear automatically .
Finally,either raise a new sales invoice for the voucher amount received, making sure to select HMRC as the client and the nominal category created in step 2 above:
Or simply tag as ‘Something else not on this list’ and select ‘HMRC Growth Vouchers Programme’ as the ‘Post to Account’:
Enter the purchase for the advice received as normal, the full amount of the voucher is being posted as income, therefore the full amount of the expenses can also be posted as expenditure, the net effect will be 50% of the cost of the consultancy advice being claimed.
Thank you Joe - all now sorted 
