Hi,
I have just bought Solar Accounts and loving it. Thank you. But i believe i will need a lot of help to fully learn how to use it.
Please could you help me on this matter.
I have imported some goods from China. The total value was 1500 USD + 150USD delivery, making a total of 1650USD.
From the bank account sent £1056.74 plus £20 Charges.
The goods were delivered by DHL.
Now from DHL got an invoice:
Shipper's invoice value: £947.45
Freight value: £ 91.47
VAT value adjustment: £ 5.50
Total: £1044.42
VAT: £ 208.88
Plus admin. Fee: £ 10.00
Grand total: £1263.30
But i had to pay only the VAT of £208.88 + £10 admin fee = £218.88.
I am not VAT registered.
Please help.
Thank you very much.
Regards.
Hi Das,
I assume you have already recorded your Chinese supplier's invoice, and now you want to record the DHL invoice. Since you are not VAT-registered you don't need to keep track of the VAT amount separately - therefore just enter the full price of £218.88 on a single invoice line. Set the account to be the same as you used for your Chinese supplier's invoice (eg. 'Cost of Goods Sold')
Regards,
