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gcj1971
Level 3

When sending an estimate to a contractor where RC VAT is applied on invoices I send to them, do I apply the RC VAT on estimate too or just the standard VAT?

 
2 REPLIES 2
Ashleigh1
QuickBooks Team

When sending an estimate to a contractor where RC VAT is applied on invoices I send to them, do I apply the RC VAT on estimate too or just the standard VAT?

Hello Gc1971, 

 

Welcome to the Community page, 

 

If the Vat code needs to be the RC then you would put the RC on the estimate as once it is on the estimate it will then be converted to the invoice and it wont change whats in the estimate. 

gcj1971
Level 3

When sending an estimate to a contractor where RC VAT is applied on invoices I send to them, do I apply the RC VAT on estimate too or just the standard VAT?

Thank you. I hadn't been using the RC VAT for estimates as wasn't sure and couldn't find any info in help for it. I don't often use the convert to invoice option, as most of my estimates are just that, estimates, and the invoices are usually different amount. I will now use the RC VAT code for my estimates for contractors who have the RC VAT applied to them.