Question asked by gary wyatt-williams 6 years ago
Good afternoon.
We have 2 payments which were unsure if we are inputing into clear books correctly. The first is the paye we pay each month and the second is our employees pension contributions that we pay. so far we have input them as purchases but should we have been inputing them as money in and explaining instead? Many Thanks Lisa
Hi Lisa,
Any purchases with VAT will debit the VAT control balance and therefore reduce the VAT balance on the dashboard.
Tommy
Best answerHi Lisa,
Yes, purchases would be fine. Alternatively, you can process these as a Money Out and selecting the relevant account code.
Tommy
ok thats great, we only ask because the work we do is zero rated yet the "HMRC vat section on the dash board" is decreasing rather than increasing, so were not sure if we are inputting something wrong
Hi Lisa,
Any purchases with VAT will debit the VAT control balance and therefore reduce the VAT balance on the dashboard.
Tommy
Best answer
You must 