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H
harrys
June 12, 2020
Question

Pay VAT and GST and Sales TAX

  • June 12, 2020
  • 1 reply
  • 0 views

Need to look at Paying VAT as well as GST in Australia.  The Info I find On WEB seems to say use the Taxes Tab to add groups and new tax rates. But in AU only have GST Rates and cant add any VAT ones. Only using Simple start at present . Is this a subscription problem ?  Would very much like to be able to lodge to UK as well as ATO from one Quickbooks ? May not be possible due to currency  ? do I run a seperate UK QBO sub ? But that if gives problems when pulling in Shopify data to different places.   Can  Anybody (online digital seller for eg) who has faced this type of problem please just point me in right direction.

1 reply

K
Kass_B - Product Champion
June 12, 2020

Hi harrys,

 

If you are recording transactions in other currency, you can look at upgrading to either an Essentials or Plus subscription to use the Multicurrency feature. However, QuickBooks Australia does not support recording and lodging VAT codes and you may be interested in looking at a QuickBooks file from a different region. As we can only guide you on the Australian region and are unable to provide advice as to which would be the best product for you, we would encourage you to reach out to their support to discuss your options.

 

If you do choose to use Multicurrency, see here on how to turn it on and here for how the feature works in QuickBooks. This article provides a brief overview and and links to further resources on using multicurrency.

 

-Kass

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