Re: VAT CODES on Bank deposits
Hi, The last advice you gave me worked fine however now I have another couple of issues.
1.I've transferred money to a vendor via the bank system and recorded it as an expense, however the bank details were incorrect so the funds were reversed. How do I deal with that? I've coding it back to the expense account and even tried other income but each time it asks me for a VAT code.
2.Also when I try to code my bank interest payment to an income - interest earned account it again asks me for a VAT code, but won't let me select any options?
I have set 'Out of scope for tax' on my advanced setting. Thanks