How to post vat only invoice

Accounting
1

Hello I have an auto glass invoice for an insurance claim for windscreen it comprises of £75 excess and £70.91 vat how do I post this please

2

You’ll need to enter it as three lines:

  • £75 at 0% VAT for the excess
  • £354.55 (the net on which that VAT was calculated) at 20% VAT
  • minus £354.55 at 0% VAT to cancel out the net (put something like “net paid by insurance” in the description box)
3

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