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Level 1

How to mark income tax paid

Hi all,

 

New to quick books. I work under the contractor industry scheme (CIS) which means all my invoices paid to me are automatically deducted 20% Income tax from the main contractors.

 

Obviously quickbooks only sees the net income on my transactions, how do i manually add the income tax already paid so it shows as being deducted from the tax due on the summary pages?

 

I am using quickbooks self employed.

 

Thanks

 

Pete

1 Comment
Highlighted
Level 3

How to mark income tax paid

Found this, its old, but I think it still works.

 

How to enter tax withheld -

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