How do I post a VAT only invoice in the Purchase Ledger?

Summary

This article will explain how to post a VAT only Invoice in the Purchase Ledger.

More Information

• Go To " Accounts Purchase Ledger Purchase Ledger Postings".

• Enter the account code if you know it, or use the Search Option [Ctrl+F1] to search for the account.

• At "Supplier:", enter the code or search for the supplier to whom the document applies.
• Enter the "Document No", for the invoice or credit note.

This can only be up to 8 characters long. If the number you have is longer than this, make sure you enter the last 8 characters only.

• At "Date", enter the date shown on the document from the supplier.

• At "Description", enter up to 15 characters to describe the document you are posting. This is what you will see when you view "Supplier History" and it is also carried through to the Nominal Ledger.

• Leave the Nett amount as 0.00.
• Enter the VAT amount in the VAT column against the "Std Rate" or relevant alternative rate.

• At the "Centre", enter a Purchase Centre.

Nothing will be posted to this centre but Platinum will insist on a centre being added

• Once all the details are filled in, press [Done] or <Esc> and <Accept> the document.

• There will be a warning saying "V.A.T is outside the normal limits. Do you want to continue?" press [Continue] and the document will then be posted.

See Also

• How do I find a supplier?
• How do I Find a Centre?
• How do I deal with VAT on imports?

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Keywords AND Misspellings

purchase, invoice, posting, credit, ledger, purchase posting, VAT, VAT only, V.A.T, V.A.t only

Tags

PL03