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Best answer September 27, 2020
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Hi there, @bookkeeper60.
QuickBooks Online (QBO) automatically creates a list of VAT codes once you set up VAT. You may visit the Common VAT Codes page to know more about the different VAT code/rate, the description of each code, and codes use for sales and purchase forms.
Also, transactions appear in boxes 1 and 6 is depending on the code assigned. For further info, please see the How does this report on my VAT 100 return? column of this article: UK VAT Codes.
To guide you in selecting the correct codes to ensure the accuracy of your VAT report, I suggest consulting your accountant for guidance. If you don't have one, you can use our Find an Accountant tool to find accounting professionals:
- Go to this link: https://quickbooks.intuit.com/uk/find-an-accountant/.
- In the Find an expert in section, choose what you're looking for, then use your search field to enter a City or ZIP code.
- Click Search.
- You'll see a list on the results page. You can click on each ProAdvisor's profile to learn more info about them, so you can choose that works best for your business.
- Once you've found one, select the Send a message form, to contact them.
- Enter the appropriate info in the Your name, Your email, and Your phone number (optional) fields.
- Hit Send message.
You can also check out this handy article that will serve as your reference in recording tax that you collect and pay: Getting Started.
Let me know if there's anything else you need to know about taxes in QBO. I'm always here to help. Take care.
Hi there, @bookkeeper60.
QuickBooks Online (QBO) automatically creates a list of VAT codes once you set up VAT. You may visit the Common VAT Codes page to know more about the different VAT code/rate, the description of each code, and codes use for sales and purchase forms.
Also, transactions appear in boxes 1 and 6 is depending on the code assigned. For further info, please see the How does this report on my VAT 100 return? column of this article: UK VAT Codes.
To guide you in selecting the correct codes to ensure the accuracy of your VAT report, I suggest consulting your accountant for guidance. If you don't have one, you can use our Find an Accountant tool to find accounting professionals:
- Go to this link: https://quickbooks.intuit.com/uk/find-an-accountant/.
- In the Find an expert in section, choose what you're looking for, then use your search field to enter a City or ZIP code.
- Click Search.
- You'll see a list on the results page. You can click on each ProAdvisor's profile to learn more info about them, so you can choose that works best for your business.
- Once you've found one, select the Send a message form, to contact them.
- Enter the appropriate info in the Your name, Your email, and Your phone number (optional) fields.
- Hit Send message.
You can also check out this handy article that will serve as your reference in recording tax that you collect and pay: Getting Started.
Let me know if there's anything else you need to know about taxes in QBO. I'm always here to help. Take care.
