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• # 97036
• Wed 15 Jan 2014 07:26 PM

Does anyone know how to enter a transaction such as the following in VT Transaction+ within the SIN screen. I could use the journal but is there another way?

Scenario...
Seller sells books, CDs and DVDs. VAT on books is zero rated and CDs/ DVDs are standard 20%.
Seller invoices his customer on a single invoice for £250 books, £500 + VAT for CDs and £400 + VAT for DVDs.
The total is £1,330.00 including VAT.

Any input would be much appreciated.

Kind Regards,

Pete.

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• # 97041
• Wed 15 Jan 2014 09:30 PM

In the top part I'd have

Total £1330

Output VAT £180

Net £1150

And then in the analysed part I'd have the Analysis Ledger as Income.

And then Analysis Account

Sales - Books £250

Sales - CDs £500

Sales - DVDs £400

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• # 97053
• Thu 16 Jan 2014 11:08 AM

Hi Peasie,

Thanks for your input.

The way you have it laid out is exactly what I was trying to enter, but no matter how many times I tried, it kept altering the Output VAT figure or if I altered that, the Net figure. I have tried this morning and bingo – straight through without a hitch! Sanity restored!

Kind Regards,

Pete.

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• # 97093
• Thu 16 Jan 2014 11:11 PM

It was only when I looked at VT Transaction properly today that I realised the way I would do it was via the Universal Input Sheet and just have a seperate line for each type of sale.

Edited at 16 Jan 2014 11:12 PM GMT

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• # 97135
• Sat 18 Jan 2014 11:18 AM

Hi Peasie,

Yes, you could use the Universal Input Sheet but the way you initially described, which was also the way in which I was attempting to post the invoice, works very well. The key here, is not to select either of the VAT options and just to enter the output. It works a treat every time!

Kind Regards,

Pete.

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