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Muz123
Level 2

Itemized VAT amount

HELLO,

I HAVE A SERIOUS QUESTION..

WHEN CREATING PURCHASE ORDER OR INVOICE I SEE FOLLOWING AVAILABLE FIELDS.

DATE, QTY, PRICE, AMOUNT, VAT%..

THE THING IS I WANT TO SEE VAT% IN AMOUNT AS WELL. HOW CAN IT BE DONE.

AS MY BUYER WANTS TO SEE HOW MUCH VAT HAS BEEN ADDED TO A SINGLE PRODUCT ITEM.

IF WE CANT SEE THAT PLEASE LET ME KNOW ANOTHER WAY OF DOING IT.

THANKYOU

7 REPLIES 7
Catherine_B
QuickBooks Team

Itemized VAT amount

I can walk you through how we can add the VAT amount on your sales forms, Muz123.

 

When you select the Inclusive of Tax option, the total amount of the item will automatically be calculated.

You also have the option to add a tax category on the item and enter a description of how much tax has been added. When you create an Invoice or Purchase order, manually calculate the amount. Here's how: 

  1. Go to the Sales menu and select Products and Services.
  2. Create a new one or select Edit on an existing item.
  3. Enter the product's information and under the Description field, you can enter the VAT amount you'll be adding to this item.
  4. Select the Tax under the Sales section and Purchasing information drop-down.
  5. Click Save and close

You can refer to these references for more details: 

I'll be around the corner if you need more help. You take care and have a great day!

Muz123
Level 2

Itemized VAT amount

Now please understand my question.

You see VAT 20%s column I want to see that in the form of amount for each item.

Please provide a solution for that.

Inclusive or exclusive does not show VAT% in amount for each item.

I hope you got my question.

Ashleigh1
QuickBooks Team

Itemized VAT amount

Hello Muz123, 

 

Thanks for coming back and giving us more information, 

 

In Quickbooks, there is no way of setting it so it shows what the VAT % is on each item it will only show you what it is for the whole invoice. Unless each line of vat has a different code then it will show you the item amount of vat at the bottom on the print/preview page but if they are all the same vat code it cant provide a breakdown for this it will just show you the total amount of vat for that code.  

 

We would suggest you leave feedback in the main cogwheel> feedback 

Muz123
Level 2

Itemized VAT amount

How about manual sales Tax? Can you explain that for both purchases and Sales..

GeorgiaC
QuickBooks Team

Itemized VAT amount

Hi Muz123, 

 

There is a guide here which coverssetting up sales tax manually, please note this is an American guide so there may be differences in the products, and you won't be able to submit the VAT through the VAT centre as it uses a separate liability account. 

Muz123
Level 2

Itemized VAT amount

The link you shared shows following for applying sales tax manually to your purchases. But the problem is when i followed the step mentioned below it won't let me use it until it is linked and tick i purchase this product from a supplier. If i don't do that it won't show in line item.

Currently its taking it as a stock item as a quantity. Please help.

 

Create a Sales Tax item.

    1. Select the Gear icon at the top, then Products and Services.
    2. In the Products and Services page, select New.
    3. Select Non-Inventory or Service for Item Type.
    4. Enter Sales Tax in the Name and Description fieldss
EmmaM
QuickBooks Team

Itemized VAT amount

Hello Muz123, Without turning that option on it means you will not be able to show tax by line item on an invoice it will calculate based on the tax code used and if the same tax code it will only show the total. We'll forward your feedback in regards to adding it as a standalone feature within the QuickBooks product to our product developer team.