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ardentpropertyservices
Level 1

how do i get CIS deducted payments to show the full invoice amount, rather than the payment figure pulled through from my bank account which has the 20% taken?

 
1 REPLY 1
JorgetteG
QuickBooks Team

how do i get CIS deducted payments to show the full invoice amount, rather than the payment figure pulled through from my bank account which has the 20% taken?

When using the Construction Industry Scheme (CIS) in QuickBooks Online (QBO), the system automatically deducts 20% based on your CIS settings and the configuration of your contractors and subcontractors, Ardentpropertyservices.

 

Currently, there is no built-in feature that shows the total amount on the invoice before the CIS deduction.

 

It may be beneficial to consult a professional accountant to ensure your records comply with CIS regulations. Altering how CIS deductions are displayed could impact your financial records and compliance.

 

You might also find the following resources helpful in managing your CIS transactions:

 

 

If you have any further questions or need assistance, please don't hesitate to reply to this thread. We are here to help you.

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