Invoicing with tas...

[albertc30]

Hello everybody.

When I am using TAS customer invoices and issuing one, under analyses, what do I put as when using stock?

Do I put stock cost vat exclusive or vat inclusive?

Reason for questioning is that I have been doing this with vat inclusive but every now and again I get the first line for the vat and then if I am to put stock inclusive of vat the value will actually be higher than the value left.

I am confused.

Have I been doing this wrong for the past 6 months?

Any help appreciated.

Cheers,
Albert

[David Richards]

When I am using TAS customer invoices and issuing one, under analyses, what do I put as when using stock?Hi there Albert.

Which TAS program are you using and which version is it? And are you just recording a customer invoice, or are you creating a sales order/invoice for printing?

[albertc30]

Hello David.

Please see image.

pchometech.co.uk/images/tas.PNG

TAS is such a wonderfull software but I must say that one feels lost, especially if never done accounts before.

Thanks.

Albert, C

[David Richards]

OK, thanks for posting the picture. I wanted to be certain that I knew which screen you were looking at.

The quick answer is that you use the value without VAT.

The long answer is that you don't need to consider VAT when thinking about the value of your stock, as the VAT isn't actually cost to you. In the same way, the £20 VAT shown on the invoice in your screenshot isn't part of your income.