Opening a set of accounts for a retail company (including VAT)
Debit Note More than 1 ‘Code’ that is returned Enter till you get to the first open line Click on the last line Click Delete/Insert An open line will appear before the line Select Remark and key in the reason for the first code Enter to the first open line Select Remark and key in the reason for the second ‘Code’ Enter Next Document Print OR Key in the Code and reason for the returns in the text box
8.35 Processing the returns to General Ledger accounts on credit
Journals Suppliers Journal Settings No Contra account Processing: This year Tick Tax Processing Select 01 – Vat Standard rate Default Entry Method Click on Inclusive Increment Reference: No
