Greetings, michaelgrove.
Thanks for joining the Online Community. I’ll help guide you, so you can properly enter an item with VAT.
If you haven’t created the product/list yet, please follow these steps.
- Go to the Gear icon at the top, then select Products and Services.
- In the Products and Services window, select New.
- Choose the product or service type.
- Fill in the fields.
- Click on Save.
You'll find more information about adding an item in QuickBooks via this link: Products and services list.
Then, set up the tax in your account. For detailed instructions, follow the steps in this link:
Once done, you can now use the newly created item to track the transaction. Let me walk you through the detailed steps.
- Click on the Plus icon at the top, then select Invoice.
- Enter the customer’s name and email address.
- Select the correct Service Date.
- Under Product/Service, choose the item.
- Fill in Qty field.
- Under Rate, enter £30.
- In the VAT column, choose 20.0 %.
- Click on the drop-down for Amounts are and select Exclusive of Tax.
- Click on Save.
With these steps, your sales records should show the correct details.
If you have further questions about the process, post a comment below. I'll be right to answer them. Have a great rest of your day.