Question asked by paul jackson 1 day ago
Hey, I do some subcontract work and invoice via a different software. When the linked payment is seen by clearbooks. How do i show / enter for cis deductions and material costs? i.e I invoice labour £1000 and materials £200 invoice total £1200 after cis deductions @ 20%. payment of £1000 is received. What do i do in the explanation section for this payment to be filed correctly? tia.
Hi Paul,
I have taken a look and it appears you only have a Property business. For your subcontractor work, you will need to ensure you open a Sole Trader business. You can do so by hovering over your business name at the top right > Click Add New Business > Select the Sole Trader option.
Once completed, for any subcontract work, you should then be able to select the CIS Labour Revenue 20% account code.
Tommy
Best answerHi Paul,
In this case, you must head to Dashboard > Create Invoice > You can then click Add New Line > Input the first line of £1000 with the CIS Labour Revenue 20% account. Then for the second line you can input £200 with the Materials Revenue account code.
Tommy
Tanks Tommy. I have both sole trader linked acc and free property acc. I need info on how to split labour and materials to read correctly after deductions? Regards Paul
You must 