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Hi, Ive just started with QB online.
Ive imported all the transactions from the past year, and Ive got payments that have had CIS deducted.
My question is :
How do I record the tax deduction Ive received when I havent issued an invoice because it was for work done before I started quickbooks?
Solved! Go to Solution.
Hello there, @ajf1001.
Let me help record the tax deduction in QuickBooks Online (QBO). This way, it'll allow you to match with the associated bank transaction in QuickBooks and to make your book balance at the end of the tax year.
Here's how:
Also, make sure to categorise and match your bank transactions before running a CIS report.
To know more about how CIS works in QuickBooks Online, here's a great resource that you can check: CIS in QuickBooks.
If there's anything else you need help with, please let me know. I'm always here to help. Have a great day.
Hello there, @ajf1001.
Let me help record the tax deduction in QuickBooks Online (QBO). This way, it'll allow you to match with the associated bank transaction in QuickBooks and to make your book balance at the end of the tax year.
Here's how:
Also, make sure to categorise and match your bank transactions before running a CIS report.
To know more about how CIS works in QuickBooks Online, here's a great resource that you can check: CIS in QuickBooks.
If there's anything else you need help with, please let me know. I'm always here to help. Have a great day.
Hi, thanks I'll give it a go:thumbs_up:
Hi there, @ajf1001.
I'm happy that my peer was able to help you with your issue. If you need further assistance, let us know in the comments. We'd be happy to help.
Looking forward to seeing you again in the future.
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