PURCHASE VAT

kkaranja791 · ‎September 14, 2020

Hello guys,

I have a serious problem on my hands. I recently bought QuickBooks desktop 2020 PRO and did a setup for two of my companies.

I did the setup myself for both companies, including the tax setups. I managed to do some postings on both companies and the data is up to date.

However, when I did run the Tax reports on one of the companies, I noticed Purchase VAT does not appear (It only shows Sales VAT).

The setup is correctly done (Creating a VAT Code, Linking the code to a GL account and also linking the suppliers with the VAT code and also selecting the VAT code when inputting the Bills).

All bills have Purchase VAT selected, but when I run the VAT report, it only shows sales VAT

Ashleigh1 · ‎September 14, 2020

Hello Kkaranja791,

Welcome to the Community page,

When you switch on VAT, there are default VAT codes, you don't have to create them.

If you go to VAT>Mangage VAT

You can check the VAT codes and where they're pointing to in there.

It could be that you have created them with just sales VAT items attached and missed off the purchase but with not seeing the issues in screenshots it's just a hunch. Or you could have chosen the wrong group for example 0% standard hitting boxes 4 and 7 it might be a case you have just chosen the wrong group, as you can choose where you want the VAT to hit.

It may be a case of ringing our helpline on 0808 168 9537 and the agent can set up a screen share with you and have a look into the different areas that the vat is on.

kkaranja791 · ‎September 14, 2020

Greetings,

I created a new TAX agency, with new Tax types.

I have attached screenshots of the Tax types as you had earlier proposed.

Kindly advise if anything is missed.

Ashleigh1 · ‎September 14, 2020

Could you please call the helpline on 0808 168 9535 they will be able to guide you through this and set up a screen share with you.

VulcanConsulting · ‎December 13, 2021

Was this resolved? - I'm experiencing the same issue

Ashleigh1 · ‎December 13, 2021

Hello VulcanConsulting, thanks for commenting on this thread, if you are experiencing the same issue, please can you please call the helpline on 0808 168 9535 they will be able to guide you through this and set up a screen share with you.

khine · ‎May 18, 2022

Hello

I'm experiencing the same issue. can anyone pls guide without calling that 08 number as i am out of the UK at the moment.

thanks

khine · ‎May 18, 2022

Hello

I'm experiencing the same issue. can anyone pls guide without calling that 08 number as i am out of the UK at the moment.

thanks

GeorgiaC · ‎May 18, 2022

Hi khine, please instead reach our Desktop chat support via this link :woman_technologist:

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