short question: If i create an invoice it apperas under finance->all costs. But in this table the showed amount is without the VAT. If I now want to add a payment for the invoice -> should i do it with VAT included or not?
Pro include vat: The payment is equivalent to the invoice total due.
Contra: The table finance->all costs looks a bit weired. The showed amount excludes the vat, so the payment always looks bigger....
What is the preferred way?
Thanks for giving any clues!
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thanks a lot for your answer, but i am still a bit stuck... I understand that the VAT is not important for profit & loss of projects, but what I need to now is what to fill in if I create a new payment (Invoice -> Add payment). With or Without VAT?
The payment from accounting view (which matches our bank account and the invoice total) would be including VAT BUT then the Finance -> Customers table looks very strange because of the difference in columns AMOUNT (no VAT) <-> PAID (with VAT)
So you would suggest to exlude the VAT when adding a payment?
Thanks again!
steve
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Please look at Finance -> Customers for invoices, instead of "All Costs".
And yeah, VAT is not shown, because VAT (usually!) doesn't impact on profit & loss of projects. ]po[ consistently takes this "controlling" view, instead of the usual "accounting" view that would include VAT.
You could customize the columns in the list via Admin -> DynViews, but I wouldn't recommend you to...
Cheers!
Frank
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Dear all,
short question: If i create an invoice it apperas under finance->all costs. But in this table the showed amount is without the VAT. If I now want to add a payment for the invoice -> should i do it with VAT included or not?
Pro include vat: The payment is equivalent to the invoice total due.
Contra: The table finance->all costs looks a bit weired. The showed amount excludes the vat, so the payment always looks bigger....
What is the preferred way?
Thanks for giving any clues!
Hi Frank,
thanks a lot for your answer, but i am still a bit stuck... I understand that the VAT is not important for profit & loss of projects, but what I need to now is what to fill in if I create a new payment (Invoice -> Add payment). With or Without VAT?
The payment from accounting view (which matches our bank account and the invoice total) would be including VAT BUT then the Finance -> Customers table looks very strange because of the difference in columns AMOUNT (no VAT) <-> PAID (with VAT)
So you would suggest to exlude the VAT when adding a payment?
Thanks again!
steve
Hi Misc,
Please look at Finance -> Customers for invoices, instead of "All Costs".
And yeah, VAT is not shown, because VAT (usually!) doesn't impact on profit & loss of projects. ]po[ consistently takes this "controlling" view, instead of the usual "accounting" view that would include VAT.
You could customize the columns in the list via Admin -> DynViews, but I wouldn't recommend you to...
Cheers!
Frank