Sub Contractors how to record 20% deduction

Hi

I need to send invoices from sub contractors and show on the invoice itself the 20% they need to dedcuct from the invoice i.e. gross amount then less - 20% - total
Also best way to input them

Any help appecriated lots

Mad

Posted by Madeleine Worley on Jun 27, 2010 11:25 PM BST

Hi Mad,

Please see our help topic on recording CIS deductions:
http://www.solaraccounts.co.uk/help/notes-on-the-construction-industry-scheme.php

The best way to show the gross amount is in the Description field on the deduction line. For example, you might enter the description like this:
CIS Deduction; 20% of £2,000

Cheers,

Posted by Mark McLaren (Solar Accounts) on Jun 28, 2010 9:44 AM BST