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P
pud
March 19, 2019
Solved

how do i mark a transaction as CIS deducted?

  • March 19, 2019
  • 2 replies
  • 0 views

Ive been using quickbooks for a wile now and have recently done some work for another contractor who has deducted CIS from his payment.

how do I log this?

Best answer by MirriamM

Appreciate your response, pud,

 

QuickBooks Self-Employed is compliant based on the category available in SA103F provided by HMRC and to make sure it won’t mess up on your tax reports. It would be best to seek the advice of your accountant or tax advisor.

 

For additional reference, you can check out this article: About SA103F categories.

 

Feel free to reach back out if you have any other concerns about QuickBooks Self-Employed, I'd be happy to assist. 

2 replies

M
MirriamM
March 19, 2019

Thanks for reaching out to us for assistance, pud,

 

Let me get the help you need in recording your transactions.

 

If you are using QuickBooks Self-Employed, you can mark this transaction as income. To keep your records in order, I'd recommend reaching out to your Accountant or Tax Pro Advisor this is to verify what specific category to use.

 

If you are using QuickBooks Online, creating a CIS transaction is the same as creating a normal transaction. With CIS turned on, we'll calculate everything for you.

 

To know more on how CIS works in QuickBooks Online, here's a great resource that you can check: CIS in QuickBooks.

 

If there's anything else you need help with, please let me know. I'm always here to help. Have a great day!

P
pudAuthor
March 20, 2019

surely their is a easy way of adding a transaction as CIS deducted

 

is it not a very normal thing for a self employed contractor to be paid this way

 

 

M
MirriamMAnswer
March 20, 2019

Appreciate your response, pud,

 

QuickBooks Self-Employed is compliant based on the category available in SA103F provided by HMRC and to make sure it won’t mess up on your tax reports. It would be best to seek the advice of your accountant or tax advisor.

 

For additional reference, you can check out this article: About SA103F categories.

 

Feel free to reach back out if you have any other concerns about QuickBooks Self-Employed, I'd be happy to assist. 

J
John m 12
April 14, 2023

I have the same problem, do I file it under cis  gross or cis standard , if the cis has been stopped

A
Ashleigh1
April 14, 2023

Hello John M, thanks for posting on the Community page,  which account do you have with us is it one of our online small business accounts or our self-employed account? 

 

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