Question asked by Edward Syrett 9 years ago
One of my clients is interested in using ClearBooks. Their process is as follows:
How would ClearBooks handle this process?
Thanks,
Ed.
Hi Ed
As Kevin indicates the payment on account POA (or unallocated cash) process within CB does not fully handle VAT that would be payable on the deposit if your client is VAT registered. This is currently being rectified by the developers.
There are workarounds however, outside this feature, and, something that's often forgotten, (by me recently) is that if the customer is VAT registered, or the customer asks, the supplier would actually have to raise a VAT invoice for the deposit anyway making the POA process unnecessary.
Let us know if VAT is an issue (and what sort of VAT scheme is being used) and we'll suggest workarounds.
Best answerHi Ed
Are you VAT registered?
In the hope you're not, you would need to follow these instructions https://www.clearbooks.co.uk/support/guides/sales/money-in/placing-payment-on-account/
Hi Ed
As Kevin indicates the payment on account POA (or unallocated cash) process within CB does not fully handle VAT that would be payable on the deposit if your client is VAT registered. This is currently being rectified by the developers.
There are workarounds however, outside this feature, and, something that's often forgotten, (by me recently) is that if the customer is VAT registered, or the customer asks, the supplier would actually have to raise a VAT invoice for the deposit anyway making the POA process unnecessary.
Let us know if VAT is an issue (and what sort of VAT scheme is being used) and we'll suggest workarounds.
Best answerHi All,
In this case, I think the customer is a consumer and not VAT registered.
Cheers,
Ed.
Hi Ed - given that your client is providing an invoice when the work is completed, then I'd suggest they also issue one for the deposit. When the final invoice is done, you could use one line on the invoice for the full contract charge and a second line, with negative figures, to represent the deposit already paid.
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