I really need some help here. It is the first time that I am working with imports etc. I have a SAD500 which shows the VAT paid as well as the custom duties. Now, I processed the VAT amount, but I am not sure what to do with the customs duties entry. Then, on 5 April 2012, Neville said that a VAT type 06 must be used in the Supplier invoice. However, when I create a supplier for this transaction, the VAT section does not give me an option for type 06. Can I also do the transaction with a journal?
Second problem, whilst buying the machines imported, the expenses regarding that like accommodation, vehicle rental, fuel etc. How do I handle that? All monies used was provided by the Director himself.
Please help as I am sooooooooooo not getting anywhere with this.