Bookkeeper@JCReis

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Hi Guys,

I've been puzzling over this for quite a while and have done research to no avail really.

I have a client that has a small business as a coffee shop. They use Yoco as their POS. I capture their bank statements on Xero Accounting every month for VAT purposes. I know Yoco integrated with Xero a while ago, but after security upgrades, that partnership was tethered. My problem now is to capture and bring in the monthly Yoco statements that the Customer Age Analysis, Sales and VAT are correctly calculated. I do have access to the Yoco statements, but my concern now is how to bring in the Tips made that are non-vatable but included in the total Sales. The tips are paid over at the end of the month to the employees, but only partially. The rest of the tips are calculated by the client as part of Sales, but that can't really happen as then VAT needs to be added to the tips, which in return means they'll be paying more VAT than necessary.

I hope I'm making sense here. I just don't know where to start. Please help!
 
Sounds like an accountant's nightmare. There is possibly a solution but that's going to cost a lot of thinking.

You need to remove the tips before calculating vat. Alternatively, customers must make separate payments for tips, but who wants to do that?

Alternatively, remove vat from the tip after calculations.
 
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