SOMETIMES I BUY FUEL AND THERE ARE PRIVATE PURCHASES ON THE SAME INVOICE WHEN I DO THE VAT I ONLY CREATE AN INVOICE FOR THE BUSINESS SIDE OF THE INVOICE BUT WHEN I COME TO RECONCILE THE BANK STATEMENT I HAVE THE FULL AMOUNT OF THE INVOICE TO INPUT. WHEN I CREATE THE VAT INVOICE I COULD PUT THE PRIVATE SIDE ON THE INVOICE AND ALLOCATE IT TO MY PRIVATE DRAWINGS BUT I FIND WHEN I DO THIS IT SHOWS IN THE VAT REPORT AS THE FULL AMOUNT OF THE INVOICE AND NOT JUST THE BUSINESS PURCHASE IS THERE ANY WAY AROUND THIS PROBLEM.
Hi Beryl,
You should not include your private purchases on the Purchase Invoice you create in Solar Accounts.
To resolve the problem: when you see an entry on your bank statement for this purchase you should create two transactions in Solar Accounts: (1) An invoice payment for the business part of the purchase, and (2) a non-business payment as described here:
http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php
Regards,
