Summary
Create sales invoices for your CIS Contractors with CIS deductions and reverse charge VAT in Accounting Start.
Resolution
What you need to know
- Set up CIS for your business to make sure the correct CIS categories are added to your chart of accounts
- Set up your CIS contacts as contractors
- CIS deductions are only calculated on invoices where a CIS Labour category is used
- The CIS deduction is applied to the net amount of the CIS labour, exclusive of VAT
Create a CIS sales invoice
- Select Sales.
- Select New Invoice.
- Choose a contact that is set up for CIS. Once selected, you'll see a blue banner advising your contact is set up for CIS and CIS deductions will apply to your invoice.
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If applicable, select Use Reverse Charge VAT.
- Enter your labour charge on a separate line.
- Make sure you choose a CIS labour category to ensure your CIS is recorded correctly
- CIS deductions are only taken from lines recorded against a CIS Labour ledger account
- If you’ve set a default on your contact, this will be selected automatically
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Enter any CIS Materials on a separate line.
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Choose a CIS Materials category
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Your invoice will show the total charges for the labour and materials, the CIS deductions and where applicable, the VAT amount being reversed.
- Once you're happy with your invoice, select Save.