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zac-zenzyc-io
Level 2

VAT on purchases. How do I show the INCLUSIVE amount (ie, full price) in P&L, B/S. Each vat rate & purchase shows as 'exclusive', even when set to inclusive

QBO people - 
PLEASE - no silly answers about browsers/zero-rate/logging-on&off..etc.   
3 REPLIES 3
MJoy_D
Moderator

VAT on purchases. How do I show the INCLUSIVE amount (ie, full price) in P&L, B/S. Each vat rate & purchase shows as 'exclusive', even when set to inclusive

Thank you for posting here in the Community, @zac-zenzyc-io

 

I've checked that you've posted the same question twice and my colleague has already added an answer. If you haven't been notified of the new response, check this link

 

If you need further assistance, don't hesitate to leave a comment below. I'm always here to help.

zac-zenzyc-io
Level 2

VAT on purchases. How do I show the INCLUSIVE amount (ie, full price) in P&L, B/S. Each vat rate & purchase shows as 'exclusive', even when set to inclusive

Just like another of your colleagues, you're linking to a post WHERE YOU KNOW NO HELP WAS GIVEN, AND TO WHICH I RESPONDED WITH DISAPPOINTMENT ALREADY.

 

The gaslighting is strong with this one. 

 

146 solutions, from nearly 5000 responses. 

zac-zenzyc-io
Level 2

VAT on purchases. How do I show the INCLUSIVE amount (ie, full price) in P&L, B/S. Each vat rate & purchase shows as 'exclusive', even when set to inclusive

Is this why it's not working for me?

 

is it something to do with cash v accrual accounting?

 

https://www.accountingweb.co.uk/any-answers/quickbooks-vat-cash-accounting-advance-payments

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