I'm losing the plot here, and all quickbooks support are doing is helping me on my way to this.
I am struggling with early settlement discounts. I have a client who has one supplier who offer 2.5% early settlement terms. When they take advantage of the early settlement discount it I can enter discount received as a negative expense and the VAT balances. However if they don't take the disount I am struggling to show the discounted VAT. If I overtype the VAT it tells me the bill doesn't balance. There must be a simple way to do this.
You can over type the VAT no probs as I have to always do this with one client as they have a supplier that does this but its more to do with disposing of light bulbs etc. Over type the VAT to what you want it to be, make sure you have the correct VAT code in say 20% so at least it will be picked up on the Vat return correctly, then in the amount box change the sum to the correct amount, so you will then have all the correct amounts and when you go SAVE you won't get that message up. You may have to put the net amount in first and then change the VAT box to the amount that you want, I can't remember which way round it likes you to do it. Any probs give me a call at home and I will open up QB and talk you through it.
