How do I enter a capital expense of over £2000 into Quickbooks Online so that I can claim back VAT on the flat rate scheme
I've a limited company on the flat rate VAT scheme. I've recently made a purchase of some computer equipment for the business, the total coming to over £2000.
As I'm on the flat rate scheme I should be able to reclaim the VAT on this purchase. What is the correct way to enter this expense into Quickbooks so that the VAT reclaim is correctly handled in my VAT return?