To make a VAT payment follow the next steps:
Launch Accounts Desktop then click VAT.
Click Payments then in the dropdown select Nominal Ledger (NL).
Enter the account reference then in the yellow field, type VAT and click Enter.
Double click on your chosen VAT option.
Complete the following fields in Posting Details:
Field | Summary |
Date | Date of the payment. |
Details | What the payment is for e.g. gas, electricity or internet. |
Payee/r | The payee or payer for the transaction. |
Bank | The selected bank for the transaction. |
Ref | A reference for the statement. |
Method | How the transaction is conducted. |
Value | The value of the transaction. |
VAT Code | The VAT code for this payment. |
VAT | How much VAT is applied to transaction. |
Auth. By | Who authorises the payment. |
Recharge VAT | The VAT recharged on the client. |
6. Click Yes to complete or click No if you need to amend the posting.
7. Click OK\Next.