Forum Message

Credit from supplier

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.


Posted by Daniel F on Mar 11, 2018 10:29 PM GMT

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,


Posted by Mark McLaren (Solar Accounts) on Mar 12, 2018 12:23 PM GMT