Hi there,
I would like to record expenses manually to Quickbooks and also add their respective VAT/BTW to the bill, so that I can see how much I have paid and claim this back.
When I try to enter an expense, I can only add the full amount. When I try to do it as a journal entry, I can't save it without putting both credit / debit in there which doesn't make sense to me.
Can anyone help and knows how this is correctly done in Quickbooks please?
Thanks!
Solved! Go to Solution.
I appreciate the screenshots, Ssc2020. It helped me understand your concern more.
It looks like your default tax rate is No VAT. It can be the reason why you're unable to select a VAT code when you create an expense transaction.
Let me guide you on how we can change it:
Once done, you can create the expense transaction so you can declare the tax.
If there's anything else that you need, don't hesitate to let us know. We'll be around to assist you. Take care!
I appreciate the screenshots, Ssc2020. It helped me understand your concern more.
It looks like your default tax rate is No VAT. It can be the reason why you're unable to select a VAT code when you create an expense transaction.
Let me guide you on how we can change it:
Once done, you can create the expense transaction so you can declare the tax.
If there's anything else that you need, don't hesitate to let us know. We'll be around to assist you. Take care!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.