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I made a private purchase with my vAT number. How do I process this in the accounts?
I made a private purchase with my vAT number. How do I process this in the accounts?
From abroad? Or just purchased from a Belgian supplier?
Regards, Jean (former accountant, Dexxter enthusiast)
From a Belgian supplier, because otherwise you won't get a discount.
How do I record this as a journal entry? But I don't quite understand, Jean, why you enter your supplier as a private individual, since you are buying from a company. Shouldn't you rather set your professional use percentage to 0%, because this purchase is not for your company but entirely private? I'm not sure if this is correct, but I question if it could be correct.You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.