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Hey there, accounts.
Let me help you adjust your recurring invoices' to show the price exclusive of VAT. Here's how:
- Click the Gear icon and select Recurring transactions.
- Look for the template, then click the Action drop-down and choose Edit.
- Select the VAT rate in the VAT column.
- Click Save template.
Once completed, you will be able to see the amount exclusive of tax in this section.
Furthermore, you can run a VAT Liability report to display a summary of your taxable and non-taxable sales, along with the total sales tax you collected from customers.
If you have any further questions regarding recurring transactions in QuickBooks, please feel free to ask. Have a great day.