I’ve recently started taking on some consulting work for a firm based in Europe, and the billing process is proving to be much more complex than my local transactions. I need to make sure I am separating the net amount from the tax correctly so their accounting department can process the payments without any delays or errors.
I’ve been calculating my service fees minus vat to ensure that my own bank balance remains steady after all the mandatory government deductions are taken out at the end of the month. It’s all about maintaining a professional image. Have you ever billed minus vat?
