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sammcc
Level 2

Edit Vat amount on Invoice

Hi,

 

I have an invoice for a total amount of £398

However the VAT on the invoice is £59.80 instead of the usual 20% because some of the items I bought have zero VAT

QB will only let me record the vat at 20%, how do I edit the amount of VAT paid to make it correct.

Solved
Best answer October 03, 2019

Accepted Solutions
sammcc
Level 2

Edit Vat amount on Invoice

Thanks for these links, I will have a look.

View solution in original post

6 REPLIES 6
GeorgiaC
QuickBooks Team

Edit Vat amount on Invoice

Hi sammcc, 

 

 

You would need to enter two lines on the invoice with the applicable VAT code against each line (i.e. one line with amount and 20% VAT code, one line with the remaining amount and Zero VAT code). 

 

 

Thanks

sammcc
Level 2

Edit Vat amount on Invoice

Thanks for your reply, is it possible to send me a screenshot of how this should look when being entered?

GeorgiaC
QuickBooks Team

Edit Vat amount on Invoice

Hi sammcc,

 

 

We are unable to provide screenshots, so I have detailed the steps below for you to follow in order to create the invoice based on the details you have provided.

 

 

 

1. Create an invoice by going to the + icon > invoice

 

2. Enter the invoice details (customer, date, terms etc) and set the Tax method 'Amounts are' to 'Inclusive of Tax'

 

3. On the first line, select the product/service from the drop-down, and enter the amount as £358.80 then select the 20% Standard VAT code

 

4. On the line beneath this, select the product/service and enter the amount as £39.20 with the 0.0% Z VAT code

 

5. The subtotal of the invoice will now show as £398.00 which includes VAT @ 20% of £59.80

 

 

 

Please let me know if you have any further queries,

 

Thanks!

sammcc
Level 2

Edit Vat amount on Invoice

Thanks Georgia,

 

This is more of a work around than a proper method.

Will quickbooks introduce something that would allow the Vat to be entered to match the invoice!

 

Thanks again Samuel

KhimG
QuickBooks Team

Edit Vat amount on Invoice

Welcome back, @sammcc.


The solution provided by my colleague is the proper way to record tax for items with different VAT codes in QuickBooks Online. Editing the amount directly on the invoice may cause miscalculation and issues on your report.


For your reference, I recommend checking out these articles:

Let me know if there's anything else you need. I'm always here to provide further assistance. Take care!

sammcc
Level 2

Edit Vat amount on Invoice

Thanks for these links, I will have a look.

View solution in original post

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