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matthew-gully77-
Level 1

CIS deductions

Im a self emploid painter and decorator and soly work for a company that deducts CIS from my pay. How do i account for this using quickbooks selfemploid?

1 REPLY 1
John C
QuickBooks Team

CIS deductions

Hi matthew-gully77- If you send an invoice to the contractor you will enter the labour amount on one line and then you create another line and enter a description such as CIS deduction and enter the amount to be deducted from the labour proportion as a negative. This will then show the net amount due from the contractor. When you receive the amount from the contractor you'll categorise the amount in the transaction page as business income.

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