posted
Hi Everyone,
I import the payment of my wages from the Bank Statement that is fed into QuickBooks automatically, but when I select "Expense" it obliges me to choose a VAT Code, which will go to VAT Detail Report, even if I choose "NO VAT". Does anybody know how to sort that out?
It's nice to see you here in the Community space, @Raique.
You're correct that once you've enabled the VAT feature in QuickBooks Online (QBO), you'll need to choose a VAT code when categorising your transactions. Also, all of the transactions will appear in the VAT Detail Report, even those selected as No VAT.
As a workaround, you can change the accounting method of the VAT Detail report to Cash and place a checkmark on the Report expenses on cash basis checkbox.
Moreover, for VAT Exceptions, QuickBooks will automatically figure out if a transaction should be marked as an exception based on its payment status and the reporting mode. For more information about this, please refer to this article: Choose between cash and accrual accounting methods in reports.
Additionally, check out this article to learn more customising your report in the way your business needs: Customise reports in QuickBooks Online. You can apply multiple filters or format the layout on your own.
Feel free to click the Reply button if you have additional questions or concerns. I'll be around to answer them for you. Have a great day ahead.