How to enter amount received for cattle sent to abattoir, the charges incurred for killing to ensure correct amount of VAT is reclaimed and the P&L account is correct?
For example, we send 5 head of cattle to abattoir on 30/11/2018. Abattoir owes us £6,567.19 for the 5 cattle. Abattoir's killing charges are £135.50 + VAT = £162.60 plus £2.00 Exempt from VAT (Total £164.60). Abattoir transfers £6,402.59 to our bank account on 06/12/2018 (currently evaluating a trial version of QuickBooks Desktop Pro)