We, like many businesses, pay electricity suppliers a monthly DD amount, however, we then have a VAT invoice from them each quarter. There doesn’t seem to be an option for us to enter payments on account so instead we enter these as a bill & calculate the VAT accordingly. It would be better if we could enter payments on account & then enter our VAT invoices so that they deduct our payments from VAT invoices. Is this a current feature because I cannot locate it if it is. If not, can you set this up please to make life easier?
When you’re tagging the DD payment from the bank you can choose the “pay multiple invoices or assign to a supplier account” option, and hold the amount as a credit on the relevant supplier. When the VAT invoice comes through you can create a purchase and use the credit to pay it off.
