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Upon delivery of goods, a deposit is charged for the transport pallets (excluding vAT). How is this booked, on the one hand as an expense and on the other hand later as income upon refund?
Upon delivery of goods, a deposit is charged for the transport pallets (excluding vAT). How is this booked, on the one hand as an expense and on the other hand later as income upon refund?
Simply enter the deposit stated on your invoice as an expense. Upon return, your supplier will deduct this from your next invoice or issue a credit note. You also enter the credit note as an expense, for which you tick the relevant box.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.