Reconciling Amazon Fee VAT

Question

Now that Amazon are charging VAT on fees I am struggling to reconcile my fortnightly statement with Amazon VAT invoices. What is the best way to record these invoices and record in Sage

AndyR. · Answer

Hi Paul, Thanks for your post. As I understand it, Amazon is charging a fee and then charging VAT at the standard rate of 20% in the UK. If that is the case then normally we'd recommend posting a purchase invoice to represent the fee / VAT owed, then a purchase payment against the invoice when it is paid. Post a supplier invoice you can separate values onto separate lines if that helps with reconciliation? If this helps, please click Verify Answer . Thanks, Andy Sage UK

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