Hi,
Every month I receive a credit from my supplier for £20 for given them referrals, this is paid direct into my cheque account. This amount it deducted from the monthly total I owe them for services they provide me.
So around 10 days later, this supplier takes £18.99 from my account as a DD.
Annoyingly, they send me an invoice for the total amount, omitting the £20 credit.
Therefore I receive an invoice for £38.99.
I don't know how to record it in Solar?
Thank you.
Hi Daniel,
If your business is not registered for VAT then the simplest solutions is to just add an extra line on your purchase invoice with a negative price of -£20.00 and an Account of 'Sales Income'.
Otherwise if you are registered for VAT then create a purchase credit note for £20.00 and allocate it to the supplier's purchase invoice. On the credit note click More Options > VAT Treatment > Sale of Goods or Services to UK Customer.
Regards,