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Starting off

sarah861421sarah861421 Member Posts: 1

Hi I have just joined the website as we have started a very small new construction business A lot more complicated than I thought
1) I have put all the bank transactions into Wave ( and it balances ), included 20% VAT but on the VAT return the figures are allzero
2) I have entered an expenses claim for stock purchased and paid it but cant itemise it
Any and all help needed for a idiot / novice
thankyou

edited February 20, 2020 in Accounting Technical Support

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @sarah861421 , accounting can definitely be difficult so we're here to try and make it easier for you. Welcome to Wave!
    1. When creating your sales tax under Settings > Sales Tax, did you ensure that the tax was recoverable? A non-recoverable tax won't show up in the Sales Tax Report. If this is the case, you'll have to recreate the tax as recoverable and re-associate it to your transactions.
    2. What do you mean when you say you can't itemise it?

    Let me know.

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