Hello, I am very new to Solar (just a few hours) So far I have found it very easy to use. I operate a take away sandwich store. Some of my sales are subject to VAT at the standard rate and other items Zero rated. How can I input my sales in the system and account for VAT correctly. The percentage of VAT varies each day, dependant on what items are sold that day.
Many thanks
Michelle
Hi Michelle,
Just record a Money Received transaction with two lines in the From Account table:
Line 1: Sales Income @ 20% VAT
Line 2: Sales Income @ 0% VAT
Regards,
