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Non-invoiced royalty payments

#1

How should I enter the royalty payments I regularly receive from various sources? I do not invoice for these, but I am VAT registered and have to account for the VAT included in these payments.

Thanks,
Alex

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#2

You need to enter them as “invoices” in QuickFile anyway, but you could use a dummy client (or a separate client for each source, if you prefer). I do the same with my retail shop - I don’t generally issue proper VAT invoices to retail customers but I create one invoice in QuickFile for each day’s retail sales to properly account for the VAT.

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closed #3

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