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I need to reclaim, HRMC customs in other words I have an invoice for VAT amount only how can I enter onto Quickbooks? Via a bill, expenses but recording the VAT amount

 
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Best answer 04-28-2019

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QuickBooks Team

Re: I need to reclaim, HRMC customs in other words I have an invoice for VAT amount only how can ...

I'll help you create a VAT only expense transaction, Partridgecarla.

 

You will enter an amount (0.01) in two line items. The other one should be negative to offset that amount. You will add a tax code on the first 0.01. The negative amount should be set up as No VAT. Then, manually enter the VAT amount in sales tax field.

 

Refer to my screenshot below.

 

 

We're just right here if you need more help from us. Have a great day!

View solution in original post

1 REPLY 1
QuickBooks Team

Re: I need to reclaim, HRMC customs in other words I have an invoice for VAT amount only how can ...

I'll help you create a VAT only expense transaction, Partridgecarla.

 

You will enter an amount (0.01) in two line items. The other one should be negative to offset that amount. You will add a tax code on the first 0.01. The negative amount should be set up as No VAT. Then, manually enter the VAT amount in sales tax field.

 

Refer to my screenshot below.

 

 

We're just right here if you need more help from us. Have a great day!

View solution in original post