Variable expenditure is calculated on the basis of a percentage of total turnover.
There is place to insert 23 variable expenditure amounts, you may edit the narration of the variable expenditure title by overtyping the description. The manufacturing type business will make use of the screen for entering the manufacturing expenditure.
Variable Expenditure Title
In order to change a title, move the cursor to the required title and type in the title that you require.
Direct Sales Cost
The top line indicates a summary of the variable expended calculated on the sale sheet.This is a summary of the total variable as specified in each sales sheet.
Variable Input Percentage of Sales
To activate the variable expense it is necessary to enter a percentage in the percentage column. Move the cursor to the required expense item and enter the percentage required. In order to enter 10% press and the total variable expense will be calculated. The variable expense in the Income Statement will vary with the monthly Sales.
Overide a Calculated Figure
You may override any expenditure amount with the actual monetary value if required.
Variable Input VAT Flag
A flag for each expense item must be inserted.
0 Flag means this is an `Exempt Supply'. The supplier does not charge VAT.
1 Flag means this is taxable. The supplier charges VAT on goods and services. The VAT paid can be recovered from SARS.
2 Flag means VAT is charged but is not recoverable from SARS. The VAT paid becomes an additional cost to the business and is included in the expenditure.
Note: All expenditure is inserted excluding VAT other when the VAT flag is 2.
Sort Buttons
There are sort buttons on the bottom of the screen, one been an ability to reset all the expenses, percentages and sort the expenses by description.
Variable Expenditure
The Income Statement sheet displays the end result of variable Expenditure input. None of the figures displayed here may be edited. In order to see the input of variable expenses go to Fixed Expenditure Input.
