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.
To post through the Invoices and Credits module, see our guide.
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.
Press Save then Close.
Upgrade your licence
Growing business? Add more companies, users, or employees to your licence with ease. Leave your details and we’ll be in touch.
