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Juliecardoc
October 17, 2023
Question

deducting excess from an invoice

  • October 17, 2023
  • 1 reply
  • 0 views

I am deducting an excess paid by a customer from an invoice which then needs sending on to their insurer.

ie - the balance is paid by the insurer 

SHould it have vat within the excess? or deduct it free of vat using N or 0%?

1 reply

G
GeorgiaC
October 17, 2023

Hi Juliecardoc, thanks for posting on the Community

 

This falls outside the scope of what we're able to advise on; please contact your accountant or tax specialist for support in recording the transaction. 

 

If you don't already have an accountant, you can find a QuickBooks certified ProAdvisor near you on our online directory.

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