VAT
Petrie
Member Posts: 4
I can't get my Tax report to show Vat on purchases. Vat on sales is shown. I need to see how much VAT I have paid on purchases and subtract is from VAT received. The difference is payable to government
0
Petrie
Member Posts: 4
I can't get my Tax report to show Vat on purchases. Vat on sales is shown. I need to see how much VAT I have paid on purchases and subtract is from VAT received. The difference is payable to government
Comments
Hey @Petrie . You'll have to make sure that your VAT is recorded on purchases. If you create a Bill, add the VAT amount there. If you have expense transactions in your Transactions page, also make sure that the Vat is added to each transaction.
Hey @alexl . I found the solution - The tax needs to be marked as 'recoverable'. Mine wasn't, I changed it in settings and now it shows in the report. I would like to see all tax items listed in the report though.