Skip to main content
matthew-gully77-
Dec 31, 2021 4:57 PM UTC

CIS deductions

Im a self emploid painter and decorator and soly work for a company that deducts CIS from my pay. How do i account for this using quickbooks selfemploid?

    1 reply

    payment after leaving
    Jan 4, 2022 9:23 AM UTC

    Hi matthew-gully77- If you send an invoice to the contractor you will enter the labour amount on one line and then you create another line and enter a description such as CIS deduction and enter the amount to be deducted from the labour proportion as a negative. This will then show the net amount due from the contractor. When you receive the amount from the contractor you'll categorise the amount in the transaction page as business income.

    Terms & ConditionsAccessibility statement