QuickBooks Team
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Re: VAT CODES on Bank deposits

Thanks for the quick response, Samanvaya.

I’m here to help you get past the error, so you can successfully record the deposit.

Based on the information provided, the Out of Scope Tax is already set as the default tax. You still have to manually assign the tax code and enter the correct information when adding a downloaded transaction.

This will help ensure the deposit is properly tracked in your account. After selecting the Out of Scope Tax, you should now be able to save the transaction.


I'm adding screenshots for visual reference:




There you have it. Let me know how this turns out or if you have any other concerns. I'll be right here ready to help.