vickyT
Level 2
‎June 15, 2018 08:00 PM

Self Billing

I am new to QuickBooks and would like some advice on the following:-

I am a sheep farmer here in the UK and when I sell sheep through the livestock market I receive payment for my sheep with all deductions (levy,commissions and services) already deducted.  All services have VAT and the sheep do not.  How do I go about entering this on QuickBooks?  Thank you.

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EmilyMockett
Level 7
‎June 18, 2018 08:23 AM

Finding inspiration

Hi Vicky,

 

You could set up multiple products and services within QuickBooks Online. This will allow you to set up the VAT codes correctly per item/service. 

 

Here is a tutorial video I made in regards to fees/deductions: Matching invoices where charges have been deducted

 

If you need anymore help please do not hesitate to reach out to me directly.

 

Kind Regards,

Emily

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Jess W
Intuit
Intuit
‎July 12, 2018 02:31 PM

Finding inspiration

Brilliant answer, @EmilyMockett! Thank you for that! :) The tutorial videos are so helpful. You should be chuffed that you have a bank of knowledge, you're a great contributor to this community.

 

@vickyT - I would love to know more about your business! How long have you been a sheep farmer for? Do you enjoy your job? :)

 

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