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Thanks for checking in with us, sammyspijkerman-.
If you are referring to entering a deduction in a percentage way, that option is unavailable in QucikBooks Online (QBO). However, we can create an expense transaction and add a line item with the negative amount (which is an 80% deduction) on the transaction. This will deduct the total amount in an expense.
To keep updated with any upcoming QuickBooks updates and enhancements, feel free to visit these blogs:
Feel free to visit our Manage Suppliers and Expenses page for more insights about managing suppliers and vendors, paying bills, and tracking expenses.
I'll be right here to continue helping if you have any other concerns or questions about QuickBooks. Assistance is just a post away.
Thank you but once I do this, my balance will be off and not correct...
How do I fix this?
Hi there, @sammyspijkerman-.
We want to help you with your questions about the expense. However, we need more information about it to provide the right resolution and to get this sorted out promptly.
Can you share with me more details about what deduction you're referring to? If you can share an example, it would help us provide a solution without affecting the balance.
In the meantime, you can check the following article to know more about how to handle bills in QuickBooks: Enter bills and record bill payments in QuickBooks Online.
Please know that you're always welcome to post any questions you have in this space. Have a great day ahead.
Let's say I bought dinner on my business card.
According to the Dutch tax authority, I can only deduct 80% of that expense as a business expense, the remaining 20% is not deductible.
How would I register this and especially in bulk since I have multiple transactions that need to be changed in this way by not affecting the balance on that business card I used for these expenses?
Hi there, sammyspijkerman-.
For now, there's no option to let QuickBooks only consider that 80% of the expense transaction is deductible. Although, you can make a journal entry to decrease or increase an amount in your expense and financial reports. Here's how:
However, I would recommend reaching out to your accountant to make sure you're using the right accounts for the journal entry.
Let me know if you have other questions. We're always here to help.
Hi JC2024. Thanks for joining the thread. The info above is still valid and I recommend using the workaround provided above so you can achieve your QuickBooks goals. In the meantime, feel free to ask other questions. I'm here to help.
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