Receiving grant

I have just received grant money which is paid net of vat. How do I record this?

Posted by Ross Mcturk on Mar 1, 2010 11:28 AM GMT

Hi Ross,

Just record a Money Received transaction with the VAT Treatment field set to 'Out of Scope'.

Regards,

Posted by Mark McLaren (Solar Accounts) on Mar 1, 2010 1:36 PM GMT