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August 5, 2019
Question

Where do i record an annual bonus that we have received from the bank ?

  • August 5, 2019
  • 1 reply
  • 0 views
Hello , The bank we are with gives a  bonus of £25.00 once a year , where and what what category do i record this please ?

1 reply

Rustler
August 5, 2019

Do a deposit for that amount and use the other income account as the source account for the deposit

sales35Author
August 5, 2019
Thank you for your prompt reply. Are you able to advise what i select from the drop down that has the following ?;
No VAT (0% Sales)
No VAT (0% Purchases)
20.0% S (20% Sales)
20.0% S (20% Purchases)
Exempt (0% Sales)
Exempt (0% Purchases)
0.0% Z (0% Sales)
Rustler
August 6, 2019
Sorry I can't help with VAT, we don't have it in Texas