Skip to main content
S
Saam1
March 9, 2021
Question

rules and tax

  • March 9, 2021
  • 1 reply
  • 0 views

hi there ,

I set my rules to my bank transaction and I left the tax field empty (optional field),but when I try to implement the rule QB ask me to chose tax, and the tax field marked as mandatory.(attached)

I don't pay tax on this transaction so how can I handle this issue. thnx

1 reply

AlexV
AlexV
March 9, 2021

Welcome to QuickBooks Community, Saam1.

 

I understand that you don't charge tax and want to get rid of the Tax option when categorizing transactions. You'll want to select a 0% or Out of Scope Tax so that QuickBooks Online won't calculate taxes. If you can't find a 0%, you'll want to set up a custom tax rate.

 

I've some links you can check. These will show you more details on how to handle bank transactions.

Need more help? Just leave a comment below and we'll respond as soon as we can.

S
Saam1Author
March 9, 2021

I prefer to choose the second option you mentioned. Can you please tell me how can I set the rule as "Out of Scope of Tax".

S
SarahannC
March 9, 2021

Hello there, Saam1. Thanks for getting back to us.

 

It seems like you're using the international version of QuickBooks Online. That's why you're seeing the Tax field as optional information for bank transactions. If that's the case, you can either select the Exempt (0%) or No Vat (0%) option by clicking the Tax drop-down arrow. These are the options that you can choose since you're not paying tax for this transaction.

 

Let's take a look at this sample screenshot:

 

Still, I'd recommend checking these articles for additional guide when creating a bank rule in QBO:

 

 

Please let us know if you still need help with this matter. I'll be around together with my colleague to continue to help you out. Take care always and have a good one.

Terms & ConditionsAccessibility statement