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4wael-ahmed
Level 1

Can I put tax on bank transaction which is different than the one automatically calculated

not all items in the invoice are taxable

1 Comment 1
Lyn_D
QuickBooks Team

Can I put tax on bank transaction which is different than the one automatically calculated

Yes, we can use the split feature to categorize a bank transaction and apply the correct tax rates to each portion, 4wael.

 

QuickBooks Online (QBO) allows you to manually override the tax amount on a bank transaction. This is often necessary to ensure the accurate tax is applied to the invoice created.

 

Here's how:

 

  1. Go to the Transactions tab and select Bank Transactions.
  2. In the Pending tab, select the transaction to modify. If Match is displayed, switch it to Categorize.
  3. Click the dropdown arrow and select Split to open the Split Transaction window.
  4. Use the Category dropdown to assign appropriate categories.
  5. Allocate amounts for each category until the Difference shows CA$0 ( I use a sample transaction only).
  6. Fill in any additional required details (tax rate).


     
  7. Select Split and Post to save.

 

If you have questions or need assistance, select the Reply button.

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