Hi all, I've been having some issues with payments brought in via my bank from Shopify - wondering if anyone else has any experience with this?
Shopify charges per transaction and the fees are applied prior to payout, meaning that the transaction imported into quickbooks is after the fee has been charged. Therefore, I'm not able to report the proper percentage of VAT charged.
I really don't want to have to manually amend every single sales receipt to show the original VAT value, and under scrutiny it will look like I've drawn the VAT values from nowhere! Can anyone advise on how best to manage VAT on transactions that have a fee deducted from them?