Skip to main content
January 25, 2022
Question

I have paid CIS tax how do I account for this on QB?

  • January 25, 2022
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

January 25, 2022

Hello Michael, thanks for coming to the Community your query To account for the payment you make to HMRC following a CIS submission you can do the following

  1. In QuickBooks, select + New and create an expense.
  2. If you have created a supplier for HMRC, enter the name in the supplier field.
  3. Select the bank account from which you have paid HMRC and select the date the payment was made on.
  4. In the table section, under the Account column select the CIS Payments to HMRC account.
  5. Enter the amount you have paid HMRC.
  6. Select Save and Close.

Any questions let us know😊