Receiving grant

I have just received grant money which is paid net of vat. How do I record this?

ross mcturk  - March 1st, 2010 11:28am GMT
Hi Ross,

Just record a Money Received transaction with the VAT Treatment field set to 'Out of Scope'.

Regards,

Mark McLaren (Solar Accounts)  - March 1st, 2010 1:36pm GMT