Hi, when trying to add a new purchase, the purchase line only has the input slots for the following information, Category, Description, Total…no slots for Sub total, VAT rate or VAT.
Have you turned on VAT in your company settings (are you VAT registered)?
The VAT columns on purchases are only relevant if you’re VAT registered and not on flat rate (as you don’t claim back VAT on purchases under the flat rate scheme).
Ian hi, so when we input new purchases do we input the net amount paid ( ie before VAT is added ) or gross amount ( ie total amount paid including VAT )
Are you VAT registered and if so what scheme are you on?
we are Vat registered but also on a flat rate scheme.
You just enter the gross amount paid then.
Thank you for the information
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