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D
Dickens
November 15, 2019
Question

Problems with Journal entries and expenses

  • November 15, 2019
  • 1 reply
  • 0 views

I have to enter 2 x Journals per month, and expenses.  Often I encounter problems with a difference in the Vat amount by 0.01p per transaction. It makes the process of matching the balance frustrating, having to make some adjustments. Recently I entered an expense for two items: net: 0.99,  Vat : .20 and net: 0.83, Vat: 0.16. Quickbooks calculates Vat as 0.37. I would have used Vat as 0.36.

 

Please can you advise.

1 reply

P
payment after leaving
November 15, 2019

Hi Dickens

 

As you have discovered our system will populate 0.37 as the VAT element of net amounts 0.99 and 0.83 and you would have to make adjustments.

We will raise a product enhancement request, requesting that you could overwrite the VAT box without it affecting the total amount, we would be grateful if you can also leave feedback from within the product.

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