We are a cash/card business and card payments are downloaded automatically to bank. We have 3 rates of vat . How do I deal with seperating vat from total?
We are a cash/card business and card payments are downloaded automatically to bank. We have 3 rates of vat . How do I deal with seperating vat from total?
total payment incl vat is sent by QB to bank. I need to eperate vat from total?
We are a cash/card business and card payments are downloaded automatically to bank. We have 3 rates of vat . How do I deal with seperating vat from total?
QuickBooks is designed to include VAT amounts into a transaction. I know that separating the VAT from the total amount can help manage your card payments. However, this is how QuickBooks works.
You might want to check out this article to learn more about the VAT feature: VAT Feature Update FAQ.
Please know you can continue to reach me here with any additional questions. Thanks for coming to the Community, wishing you continued success.
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