Recording payments from Public bodies – Free Online Small Business Accounting Software Questions & Answers
I did some work for a public eductaional organisation. For each invoice, payment was made minus the 20% PSWT rate. I then later reclaimed the withheld PSWT amount from Revenue.
In recording payment for each invoice, I set up a credit note for the PSWT amount – to at least note in the books in some way.
Is there a way to record the reclaimed amount from Reveue against the credit note? Or is there a better way to record/process PSWT payments?