Forum Message

Supplier VAT if not VAT registered

Hi, I have just purchased solar software so am currently setting up & working out how to use the application.

We are not registered for Vat, however when I put the details in for an invoice from a supplier I want to be able to show the vat from their invoice, is this feasible?
Kind regardsd


Posted by Sue Bidgood on Oct 26, 2009 11:01 AM GMT

Hi Sue,

That's unusual - most non-VAT-registered businesses do not need to keep track of the VAT they pay to suppliers. However, you could achieve this by entering two lines on your purchase invoice in Solar Accounts - one for the ex-VAT amount, another for the VAT amount.

I hope this helps - let me know if you need more information.

Cheers,


Posted by Mark McLaren (Solar Accounts) on Oct 26, 2009 11:23 AM GMT