Transactions
Recently active
Original commenter did not share additional details
I see you can but it looses any of the Sales Items
These are professional services items which are fulfilled over a number of months (some over years). It would be useful to use Quickbooks to keep track of them, rather than a falable spreadsheet.
My client takes deposits for services that will taken place in the future. When the deposit is received VAT is due so it's codede.g. Dr £120 BankCr £100 Deposits accountCr £20 VAT control.When the invoice is raised a deposit is taken off in the box at the bottom but this is done after VAT (as the invoice shows the full VAT amount).e.g.Dr Bank £480Dr Deposit £120Cr Sales £500Cr VAT £100This means that the VAT account has a credit of £120 as the VAT on the deposit has been included twice. Is there any way of getting the system to push £20 of this amount back into the deposit account? I can't just journal the £20 as, along with this the sales on the deposit will have gone into Box 6 of the VAT return twice. These 2 transactions can be a year or more apart.
Many of our customer insist on a mailed paper invoice. Re-visiting the invoice list at a later time it is not possible to know whether an invoice has been sent or not. Please advise.
