Working out VAT (from supplier sheets)

[dafcjim]

Edited:
Hi, How is the best way to work out all of the invoices from 100's of suppliers on product/stock purchases? - my epos system does no allow me to enter in vat purchase prices so how will i do this?
is there a easier way then going through every invoice, thanks
Jay

 

[MikeJ]

Remember it's value ADDED tax, so it's 33.33 x 1.2 = £40. You ADD the tax to your net price to give the final price.

 

[dafcjim]

Remember it's value ADDED tax, so it's 33.33 x 1.2 = £40. You ADD the tax to your net price to give the final price.

ok, I get that! - thank you!

 

[Paul Kelly ICHYB]

The only way to calculate your total invoice values is to add them up!

An accounting system can manage that for you.

Using your raw epos figures will only show sales!

 

[MyAccountantOnline]

Edited:
Hi, How is the best way to work out all of the invoices from 100's of suppliers on product/stock purchases? - my epos system does no allow me to enter in vat purchase prices so how will i do this?
is there a easier way then going through every invoice, thanks
Jay

What is it you are trying to do?