Good evening. I am trying to record a purchase onvoice from a supplier. This invoice is showing Net prices and calculates the VAT at the end. I am not VAT registered so my account is set up as non VAT registered. Why doesn't the Purchase invoice calculate the VAT at the end to give me the the same total as the invoice I have received from my supplier? I have overcome this for the moment by ticking VAT Registerd in setup and recording the purchase invoice, this however, as given me a VAT liability. Is there another solution?
Many thanks.
Hi Mark,
If you aren't VAT registered then Solar Accounts is not designed to keep track of VAT amounts separately. Just enter the VAT-inclusive amount into the Price field.
Regards,
