Go to Solution.
Hi there, @ldbinstallations.
To record the VAT as a 100% deposit, you'll need to enter a positive and negative amount on the line item of your expenses to zero out the VAT and enter the VAT amount on the box afterward.
This will create a 100% VAT transaction that will show in Box 4 on the VAT return.
Let me know if you have any follow-ups on this or other questions with QuickBooks. I'm here to help. Wishing you well!
View solution in original post
Unless you're working on Cash VAT accounting, forget about recording the VAT until you receive the VAT invoice (that's the document that says what VAT you have or have not paid).
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.