Hello, I’ve recently installed some solar panels on my warehouse roof.
The energy supplier is crediting my energy account, the amount I receive from the panels will exceed the electricity used, this is going to show as a positive expense rather than an income. Would that be correct?
Hello @David_Bessant
Unfortunately this is not something the support team would comment on as we are not registered accountants.
I will leave this thread open for now as there are some accountants on the forum who may wish to comment.
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I would show the income generated as miscellaneous income - code 4900 and the cost of electricity as code 7200
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If you are VAT registered I believe that there is no vat on export so you would have to enter the import & export separately
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