I am new to QuickBooks and would like some advice on the following:-
I am a sheep farmer here in the UK and when I sell sheep through the livestock market I receive payment for my sheep with all deductions (levy,commissions and services) already deducted. All services have VAT and the sheep do not. How do I go about entering this on QuickBooks? Thank you.
You could set up multiple products and services within QuickBooks Online. This will allow you to set up the VAT codes correctly per item/service.
Here is a tutorial video I made in regards to fees/deductions: Matching invoices where charges have been deducted
If you need anymore help please do not hesitate to reach out to me directly.
Brilliant answer, @EmilyMockett! Thank you for that! The tutorial videos are so helpful. You should be chuffed that you have a bank of knowledge, you're a great contributor to this community.
@vickyT - I would love to know more about your business! How long have you been a sheep farmer for? Do you enjoy your job?