At the moment I am putting the total figure of my till sales into cash register takings, which allows me to enter cash and card transactions.
Some of these sales are not vat and I want to start selling stamps which are not VAT. At the moment I can only put in the total therefore I’m paying VAT. Is there a separate way to do this? Do I just set up new client …and just mark it as a card payment and work it out manually?
Hi @SuzieB
Are you using the cash register tool or just entering the sales directly as new invoices?
Hi I’m using cash register tool.
With the cash register tool, you can manually enter the VAT rate. It’s the figures that’s more important rather than the percentage.
So for example, if you took £120.00 @ 20% (£100 net, £20 VAT), and also £50.00 @ 0% VAT, you would enter it like this. For simplicity, I’ve broken the figures down as £120 card and £50 cash
On your VAT return, the figure used would be the £20 VAT:
The figures here would be derived from your till report (commonly known as a Z-Report).
You could, if you wanted to, split this into 2 separate lines, if that makes it easier for you. The end result is the same, you just end up with 2 invoices:
Produces:
Hope that helps!
Thank you, I thought they would be the best way but don’t record if sale was card or cash but don’t suppose that matters!
Thanks for your help
1 Like
This topic was automatically closed after 7 days. New replies are no longer allowed.