VAT in Expense Accounts

I'm not registered for VAT. When allocating a cost to an Expense Account should I enter the inc. VAT or ex. VAT amount?

Posted by David Bowen on Aug 16, 2011 9:50 AM BST

Hi David,

If you are not registered for VAT then Solar Accounts does not need to track the VAT amount separately - just enter the VAT-inclusive price on purchases.

Regards

Posted by Mark McLaren (Solar Accounts) on Aug 16, 2011 10:01 AM BST