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Interflora Florist Statement VAT

Client as a florist and gets a very complicated Interflora Statement where they show debits and credits and then transfer him the Net amount.

I want to show all the sales as gross and then treat all expenses as cost of sales. I intend to create an Interflora bank account in Quickbooks, so all the gross income/sale is deposited in that account and all charges by interflora are shown as write cheques from Interflora as cost of sales. Whatever the remainder in the Interflora account is then transferred to the bank account.

Is that correct?




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