How do I process VAT only payment on a supplier invoice (windscreen claim)?
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What you need to do is 100%VAT transactions- the steps below will help you to do this,
Plus icon>expense> you need to have the same product and service entred in two lines, You will enter an amount 0.01 in two line items. the top one is a positive and the bottom line needs to be a negiative> You will add a tax code on the first 0.01. >The negative amount should be set up as EXEMPT
The amounts are need's to be set at exclusive of vat.
Once done, manually enter the VAT amount in the vat box above the total amount bottom right-hand corner.
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