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kevin-ringer
Level 1

My client's only vehicle is his van. 75% of its use is business, 25% is personal. He is VAT registered. How should I account for this in QBO?

 
1 REPLY 1
Kristine Mae
Moderator

My client's only vehicle is his van. 75% of its use is business, 25% is personal. He is VAT registered. How should I account for this in QBO?

Hello there, Kevin-ringer.

 

The 75% of business use should be with VAT. You can account the 25% with No VAT since it's just personal use.

 

Though, I still suggest checking with your government or tax adviser on the best way to categorize them.

 

Don't hesitate to post in the Community if you have other concerns. 

 

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