Hey guys,
I'm hoping my advice can help speed things up for you.
If you have a receipt with differing amounts of VAT on it, we need to split the total amounts either before VAT, or after VAT - More-oft than not, in this case; you might want the purchases to go to different expense accounts, for example a petrol station could have two types of purchase on it, fuel and food (if you get a snack, like i often do) as an example.
Quickbooks presents the split tool with this functionality in mind. You can do this split from the banking page, or prior to the banking page, and Match to the transaction.
For the creation of an expense outside the banking page:
Click the Plus Icon in the top right hand corner, selecting Expense, and creating the transaction with the two lines like on the receipt.
Speeding the process up, and avoiding any manually calculated sums is done when you set the Tax Selection box on the right hand side to Exclusive of VAT, if the amounts are plus VAT on the receipt, or to Inclusive of VAT, if the amounts on the receipt are total incl VAT. You need to have this split already done either pro, or post VAT on the receipt to avoid manual sums.
Then, create the receipt as you see it, with the appropriate VAT code - providing the correct Tax Selection box is used it should be a very quick process to copy the information over - again, depending on how that information is shown.
