HI
I have a copy of QuickBooks 2008. I am not vat registered so this is not setup. when I create a purchase order bearing in mind my suppliers charge vat, how can I make the purchase order add the vat so it all ties up correctly an shows up on the purchase order faxed to the supplier.
Thanks
Glenn
You just create a purchase order for the VAT inclusive amount I would suggest. The column figures don't matter to you just the total amount payable.
Purchase order for product X = £100 + VAT so your purchase order surely is for Product X @ £115
As long as the supplier knows your P.O. is an approximate you you accept and allow them to correct any errors then you just tidy it up whn you get your invoice in.
I expect 1 in 30 of my P.O.'s placed actully have the correct numbers on. We only have one supplier that refuses to action any p.o unless it is exactly correct.
No doubt somone will suggest the "correct" way to do it though. :¬)
Pete
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