Business banking Loyalty Rewards

Question asked by Cliff Winckless 10 years ago

Barclays have started giving Business banking Loyalty Rewards. This is currently less than £1.00 per month. Where do I enter this in the accounts. Thanks for your help

Cliff

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2 Replies

Hello Cliff

You will need to explain the transaction as a "sale" to the bank account. This will let you show the loyalty amount as income but it will not show up on the VAT return. It will look similar to the image below.

file

Hope this helps.

Vanish

Best answer
10 years ago

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