We'll have to turn this feature on so QuickBooks will calculate your CIS deduction, mt33.
I've got the steps on how to do it:
- Click the Gear icon, and then select Account and Settings.
- Go to the Advanced tab.
- Click the pencil (edit) icon on the Construction Industry Scheme (CIS) section.
- Toggle the box.
- Enter the required fields.
- Click Save, and then Done.
Afterwards, we'll have to add a contractor or subcontractor. Then, we can create a CIS transactions. This help us to calculate the CIS on the EPS. You can also use this article so you'll be guided accordingly: CIS in QuickBooks.
I'm just right here if you have other questions with the process.
