cancel
Showing results forΒ 
Search instead forΒ 
Did you mean:Β 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more

Reply to Message

View discussion in a popup

Replying to:
AuroreL
QuickBooks Team

Reply to Message

Hi colinbecclesgas,

Thank you for submitting your question. :)

You can easily enter a VAT only transaction. To do this, click on the + sign and select the transaction type that you need.

One the first transaction, choose the account you want to use. For the rate, enter Β£1, and for the VAT code, select the 20% Standard code.

On the second line, select the same account. For the rate, enter -Β£1, and choose an Exempt code.

The total of the invoice will be 0. You can then edit the amount in the VAT box to whatever you need it to be.

Hope that helps!

IntuitAurore


View solution in original post

Need to get in touch?

Contact us