This transaction allows you to record the details of any takings you have received. Prior to using this transaction you must have recorded the associated VAT Breakdown.

The list of VAT Breakdown transactions.

A relevant VAT breakdown transaction must be selected when recording takings. Before takings can be recorded the branch (if any) must be the same as that recorded in the VAT Breakdown. Also the value of both the VAT Breakdown transaction and the Record Takings transaction must balance.

This list contains branches associated with the business.

The reference to be associated with the transaction.

The sales income account associated with the item.

The net amount associated with the item.

When recording purchases, if you have a gross amount and want liberty to calculate the net amount and vat amount simply enter the gross amount in this field, select the appropriate VAT code, and type "g" in the VAT amount field.