tag:support.easybooksapp.com,2011-04-05:/discussions/questions/4200-flat-rate-vatEasy Books: Discussion 2018-10-18T20:08:42Ztag:support.easybooksapp.com,2011-04-05:Comment/274064462013-06-21T08:35:54Z2013-06-21T08:35:54ZFlat rate VAT<div><p>I've passed this to the team for you,</p>
<p>Karen</p></div>Marktag:support.easybooksapp.com,2011-04-05:Comment/274064462013-06-21T16:48:25Z2013-06-21T16:48:25ZFlat rate VAT<div><p>Thank you.</p></div>emailtag:support.easybooksapp.com,2011-04-05:Comment/274064462013-06-25T22:07:30Z2013-06-25T22:07:30ZFlat rate VAT<div><p>Hi. Just wanted to check if this issue is resolvable? Thanks</p></div>emailtag:support.easybooksapp.com,2011-04-05:Comment/274064462013-06-28T11:41:35Z2013-06-28T11:41:35ZFlat rate VAT<div><p>Hi,</p>
<p>In Easy Books, you mark accounts as exempt from VAT. So for your
case, when you sold services you recorded it as a sale linked to a
particular income account. Here are some steps to resolve the
problem:</p>
<ol>
<li>Create a new income account called (for example) "EC Service
Sales"<br></li>
<li>Check the "VAT Exempt" box for this income account.<br></li>
<li>Edit the transaction so it uses this account instead.</li>
</ol>
<p>Your P&L (etc) will be unaffected, but your VAT report will
ignore sales into this income account.</p>
<p>I hope that helps,<br>
Mathew</p></div>Admintag:support.easybooksapp.com,2011-04-05:Comment/274064462013-06-28T11:57:42Z2013-06-28T11:57:42ZFlat rate VAT<div><p>That's great. It makes sense. Step 2 is the key to it but for
whatever reason didn't think of that. Many thanks.</p></div>email