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VAT

PetriePetrie 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

in Accounting Technical Support

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    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.

  • PetriePetrie Member Posts: 4

    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.

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