cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Unlock the full power of QuickBooks with our Training Classes - Discover more
Juliecardoc
Level 2

deducting excess from an invoice

I am deducting an excess paid by a customer from an invoice which then needs sending on to their insurer.

ie - the balance is paid by the insurer 

SHould it have vat within the excess? or deduct it free of vat using N or 0%?

1 REPLY 1
GeorgiaC
QuickBooks Team

deducting excess from an invoice

Hi Juliecardoc, thanks for posting on the Community

 

This falls outside the scope of what we're able to advise on; please contact your accountant or tax specialist for support in recording the transaction. 

 

If you don't already have an accountant, you can find a QuickBooks certified ProAdvisor near you on our online directory.

Need to get in touch?

Contact us