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Purchases with Premium/Equipment Insurance – how to process them in your accounts?

YOB
27/02/2024
Question

Dear Sir/Madam,

I made purchases from CoolBlue for a monitor for an amount of €329 incl. VAT (basically an investment), together with equipment insurance for €35.99 – this insurance is stated as VAT-exempt on the invoice.

The summary on the invoice is as follows:

  • Excluding vAT €271.90

  • VAT exempt €35.99

  • VAT 21% €57.10Subtotal € 364.99

However, i don’t know how to enter this invoice correctly in Dexxter and what else I need to take into account. I have also received a document/policy sheet with all the information about the insurance conditions. Does this also need to be included in the accounts somewhere?


I would love to hear from anyone who knows more about this here!
Many thanks in advance!
Yvette

If it is an investment, you can simply write it off over a term you think it will last, and the insurance can also be included in the accounts!

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