Question asked by Kevin Gaunt 11 years ago
Hi. I am new to ClearBooks and I find myself having to do some bookkeeping temporarily (I hope!).
I am about to create my Bill for a product I purchased from Amazon. I was wondering if I should account for the Postage and the VAT on the postage as separate items or lump them together.
Can anybody help please?
Are you VAT registered? If you are then you must record VAT separately.
If you are not VAT registered, its up to you. Depends on the degree of granularity you want in your management accounts.
G
Best answerThank you. I am VAT registered. I am adding an additional line to the bill which details postage cost and VAT element. I assume this is the way to do it?
Thats fine
G
Thank you... Am I using this forum properly, by the way. I'm replying to you but the system seems to think I am replying to myself and giving me a 'Best Answer' tick???
Hi Kevin, You are using the forum correctly indeed. It's a great way to get debate going and for others to share their wisdom and maybe find something which affects them too.
The 'Best Answer' Green Tick allows you to highlight which response gave you the most help. In this case, it would be Graham's first response and this in turn marks the question as answered. The good thing about this is that it allows other users with the same query to see that there is an answer to this and then, once in the post, to more easily find what that answer is.
I hope this is clear now.
Chris
Yes. Thank you Chris.
You're Welcome, Kevin.
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