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May 25, 2019 11:22 AM UTC
Question

How to record,re cis and sub contractors. when They bill me each week, cis is deducted at 20%. do i record as cis withheld, split or something else?

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1 reply

May 26, 2019 8:26 AM UTC

Hi there, kwalkerbrickwork.

 

Once you’ve turned on the CIS feature in QuickBooks, the system will ask you more information about your contractors and subcontractors. You’ll have to make sure that you'll bale provide the right information for this. This is because QuickBooks will use their CIS rate to calculate the CIS to deduct (CIS withheld) every time you pay your sub-contractors. 


For additional information about this feature, please refer to this article: https://quickbooks.intuit.com/community/Help-Articles/CIS-in-QuickBooks/td-p/239830


Stay in touch if you have other questions about QuickBooks.