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Thread: PASTEL MY BUSINESS - PROCESSING 1 X CHEQUE PAYMENT WITH VARIOUS EXPENSES

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    PASTEL MY BUSINESS - PROCESSING 1 X CHEQUE PAYMENT WITH VARIOUS EXPENSES

    I have 1 x cheque payment which needs to be allocated to various expense accounts, how do I go about this?

    Also cheque payments made for Airline Tickets, how do I get the correct VAT allocation?

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    Platinum Member Mike C's Avatar
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    Hi Pat - you can split cheque payments to as many allocations as you like in the Cash Book - as long as you give them all the same reference number.

    Trying to work out the VAT on airline tickets can be quite tricky. Sometimes it is simply easier to work it backwards. Use the VAT that they say is due and multiply by 100 and divide by 14

    That gives you the amount that was used to calculate the VAT.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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