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April 11, 2019
Question

Show VAT on invoice

  • April 11, 2019
  • 2 replies
  • 17 views

I would like to show VAT on the total of my invoice, but the only way I can show it at present is to add it to each line. (I charge an hourly rate, and I have to show an hourly rate that has VAT added)

     How can I have it to be calculated on the total amount, rather than show it on each item?

2 replies

JamesC
Level 5
April 11, 2019

Hey tmccar

 

You can only add it to each line, as you may have scenarios where you have multiple lines, each with a different VAT code.

 

The total VAT for the invoice is calculated based on the entirety of the VAT across the whole invoice, giving you a total VAT in the bottom right hand corner of the invoice.

 

You can also use custom form styles to change what information you want the invoice to show, if you want to use this route.

 

Thanks,

May 14, 2019

Good day,

Is there perhaps a way for VAT to be worked out by the net total of everything sold?
There are 12 different VAT options to choose from and with an invoice list where we sell around 20 items it can sometimes lead to choosing the wrong VAT option for one of the items.

BettyJaneB
Level 9
May 14, 2019

Hello there, @YYC.

 

You've got me here to help share some information about how VAT works in QuickBooks Online. 

 

You have the option to enter directly the VAT amount of your sold items instead of having QuickBooks to calculate the amount for you. However, you still need to select a VAT code so Quickbooks will determine the box on your VAT return to post the amount.

 

You can do this by creating an invoice which is exclusive of tax, then select 20.0% S as the VAT Code. Once done, you can now edit the subtotal amount. Please see the screenshot below to visualize the process.

 

Here are some good references that you can check out about handling VAT in QuickBooks:

If you need further assistance in setting this up, feel free to reach out to our Customer Care Team. They have advanced tools that can help you with the entire process.

 

Please let me know if there's anything else you need concerning VAT. I'll be around for you. Thank you!

November 27, 2022

Hi, 

I added vat rate to invoice but when i give print preview it shows 'total tax' but i want it to show 'total vat'. how can i edit/change it?