Create a VAT only customer or supplier invoice or credit transaction
Description
You can create a customer or supplier invoice or credit note transaction for just a VAT amount if required. For example, for or an adjustment or refund.
This is if you don't use the Invoice and credits module, or you want to post a VAT only transaction to a supplier.
Cause
Resolution
Create a VAT only batch invoice or credit
Go to Customers or Suppliers, then select Batch invoice or Batch credit, and enter the required information.
NOTE:
The software doesn't use the nominal code in the 'N/C*' field. As it only posts the VAT amount to the Sales Tax Control Account and Debtors Control Account.
Ensure the Net column is zero, then enter the VAT amount in the VAT field.
Ensure that the correct tax code appears. For example, T1.