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Can I input a fedex invoice showing reclaimable vat form an import?

 
1 REPLY 1
QuickBooks Team

Re: Can I input a fedex invoice showing reclaimable vat form an import?

Hello hemeltrophy,

 

You can enter a custom tax from the VAT section and make sure that Purchase tax is reclaimable option is checked.

 

Here's how:

  1. On the left panel, click Taxes and select VAT.
  2. Click the Add tax button located in the upper right-hand corner.
  3. Select Custom tax and enter the tax information.
  4. Put a check mark on the This tax is collected on purchases box.
  5. Enter the percentage and put a check mark on the Purchase tax is reclaimable box.
  6. Click Save.

Once done, you can create the FedEx invoice as a bill and check the box for VAT Reclaimable.

 

I'm adding this sample screenshot for your reference:

 

 

 If you have any additional questions about VAT, please don't hesitate to ask. Thanks.