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Level 1

Company category for a Ltd company?

just starting and im in 'Account & Settings' .................'Company Type'


as a Ltd Company which category do I select?     not quite clear?

Solved
Best answer February 07, 2019

Accepted Solutions
Level 15

Company category for a Ltd company?

an ltd is a corporation

BUT

if you are using the UK version it should be there.

Check the customer records and see if the address block is US (city, state, zip code) and check taxes to see if VAT is there or is it just sales tax (US)

if you have the US version it will not work well in the UK, cancel and go here
https://quickbooks.intuit.com/choose-country/


View solution in original post

4 REPLIES 4
Level 15

Company category for a Ltd company?

an ltd is a corporation

BUT

if you are using the UK version it should be there.

Check the customer records and see if the address block is US (city, state, zip code) and check taxes to see if VAT is there or is it just sales tax (US)

if you have the US version it will not work well in the UK, cancel and go here
https://quickbooks.intuit.com/choose-country/


View solution in original post

Level 1

Company category for a Ltd company?

We are a UK 'Private Limited Company'

Under the account options - Advanced - Company type - Tax form - we don't know whether to choose 'Partnership or Limited Liability Company' or 'Limited Liability'.

Such a basic, simple part of the set up - seems crazy to me that there is not a simple answer to this.  The online help struggled - and I don't have confidence in the answer they provided.

So - for a UK Private Limited Company - should we choose 'Partnership or Limited Liability Company' or 'Limited Liability'?

Level 2

Company category for a Ltd company?

I was wondering if you got an answer to this - I am trying to do this as well?

 

QuickBooks Team

Company category for a Ltd company?

Hello KatL, 

 

Thanks for posting in this thread, 

 

For a limited Company, you can put the company type as partnership or limited liability company.