My VAT report analyses certain bank payments as a negative sales receipt for box 1 instead of a purchase. The payee isnt in the customer list - it IS in the supplier list. Can I correct this? How can I correct the treatment for future transactions?
I can send a screen shot to illustrate if needed
Hello Elizabeth,
It sounds like your bank payments have the wrong VAT Treatment setting.
Open the payment window and click More Options > VAT Treatment > Purchase
of Goods or Services from UK Supplier. Then refresh the VAT report - does
that fix the problem?
