Hi
I have received money in my bank (a rebate) that I want to deposit into a liabilities account within QBO. I select "No VAT (0% Purchases) and Add it.
When I look at the "Bank Deposit" within the Chart of Accounts the VAT code is "No VAT (0% Sales)".
If I add it as "No VAT (0% Sales) the bank deposit switches it to purchases.
Can someone please explain?
Thanks
Nick
