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jrmcielos1
Level 1
posted
‎October 23, 2020 04:27 PM
last updated ‎October 23, 2020 4:27 PM

I think QBO is not accurately recording input VAT, right? It should not be an expense. It is an Other Current Asset.. To be offset against Output VAT

 
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1 Comment 1
MaryLurleenM
Moderator
Moderator
‎October 23, 2020 06:43 PM

I think QBO is not accurately recording input VAT, right? It should not be an expense. It is an Other Current Asset.. To be offset against Output VAT

My colleague has already answered this post for you, jrmcielos1.

 

You can check the post here: https://quickbooks.intuit.com/learn-support/global/tax/i-think-qbo-is-not-accurately-recording-input....

 

If you have other questions, don't hesitate to leave a reply.

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