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Purchases entry questions

  • 09-06-2013 1:42pm
    #1
    timconsol
    Registered Users, Registered Users 2 Posts: 7 ✭


    Hi, I've some questions regarding bookkeeping:
    I'm a limited company and a bit confused about the following:

    1
    I travel to a client and stay overnight at hotel. I pay the hotel with the company credit card.
    How do I enter this transaction to accounts?
    Is it a Non-Vat transaction or does it go thru the P&L with 0 vat even though the hotel invoice shows vat?
    (Vat input cannot be claimed on hotel expense)

    2
    When I invoice my client for the work done, should I invoice my expenses as a general cost + 23% or am I obliged to invoice the exact hotel cost +9%?

    3
    If I purchase used equipment for cash from a private individual, how is this entered to accounts? is it a non-vat transaction?

    Thanks for any help.


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