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Find out what computer and browser you need for the best QuickBooks experience. This covers QuickBooks Online and QuickBooks Online Accountant. Recommended operating systems and internet speeds If you're not sure which operating system your computer has, here’s the Windows version page or the Mac version page where you can find out. Windows PC: Windows 10, Intel Core i5 or comparable processor (2015 or newer) with at least 4 GB of RAM. Note: You need Adobe Reader 11.0 or higher to print forms. Mac: OS X "High Sierra" 10.13 or newer. Internet connection: 3 Mbps or higher. Minimum operating systems and internet speeds The specs above are recommended, but QuickBooks will run with the following minimum systems and internet speeds: Windows PC: Windows 10, Intel Core i3 or a comparable processor (2013 or newer) with at least 2 GB of RAM. Mac: OS X El Capitan 10.11 or newer. Internet connection: 1.5 Mbps. Supported web browsers In general, QuickBooks supports the current and tw

Do you want to assign default tax codes to your Chart of Accounts? Good news! You can make bulk changes to the default tax codes of your Chart of Accounts. Bulk assign default tax codes to your Chart of Accounts Go to Bookkeeping and select Chart of accounts (Take me there). Choose the chart of accounts you want to assign the same tax code to. Select Batch Actions, then select Set default Tax code. Select the default code, then select Apply.

What is Purchase Tax or VAT on your Purchases? Any Purchase tax that appears on your Bills, Expenses, and any Purchase Orders raised. When you purchase any goods or services from a supplier, it is presumed that in most cases, you are likely to be charged VAT, as the invoice you receive will be subject to VAT. This is when you decide whether the purchase tax shown on the invoice is recoverable or not. VAT Recoverable When Purchase VAT is charged on an invoice, the possibility of the VAT portion being reclaimed back from Revenue depends on what the actual purchase was for. In most situations, the VAT on purchases is deemed as fully recoverable when the purpose of the service or goods provided was solely for commercial/business reasons. When your VAT is deemed fully recoverable, this VAT can then be held in a suspense account, ready to be reclaimed back from Revenue, during the process of filing your VAT return There is an expiry date for backdating and reclaiming your VAT on purchases. P

To create an additional VAT code unique to your company, follow the steps below: Go to VAT. Select Add Tax. Select the type of tax you want to add. Tax rate: Add another tax rate for VAT, such as a local tax that is not already included. Group rate: Combine multiple taxes and make applying them to your transactions easier. All taxes you include are calculated and charged at once, but we track them separately for you. Custom tax: Add a tax agency and a tax percentage, such as an environmental levy, hotel, or petrol tax. Select Save. Your new VAT code is now available when you create your next invoice/expense/bill.

Find out how to change the status of your VAT return from rejected to filed in QuickBooks Online. You can send your VAT directly to The Revenue Commissioners through QuickBooks Online. In case your file is rejected you need to update the status in QuickBooks Online. To change the status of your VAT return Go to VAT. Look for the rejected VAT filing that you need to change. Select Resubmit return. Select Mark as Filed from the drop-down on the bottom right. Note: Once the status is changed to Mark as Filed, you no longer have the option to resubmit the period to Revenue. You will need to refile the period manually to Revenue instead.

If you've created invoices that do not have VAT and should have, here's how to fix it: Go to Business overview and select Reports (Take me there). In the search field, enter Transaction List by Date. Select Customise. Select the correct date range. Under Rows/Columns, select Change Columns. Select Tax Amount. Select Run Report. Select each invoice that's missing VAT, add the VAT, and then select Save.

The domestic reverse charge (referred to as the reverse charge) is a major change to the way VAT is collected in the building and construction industry. This means that customers receiving the service will have to pay VAT due to Revenue instead of paying the supplier. It will only apply to individuals or businesses registered for VAT in Ireland (although it will not apply to consumers). This will affect you if you supply or receive specified services that are reported under the Construction Industry Scheme (CIS). What do contractors need to do? If you're a contractor, you'll need to review all your contracts with sub-contractors to decide if the reverse charge will apply to the services you receive under your contracts. You'll need to notify your suppliers too. What do sub-contractors need to do? If you're a sub-contractor, you'll need to contact your customers to get confirmation from them if the reverse charge will apply, including confirming if the customer is a

This article is for small businesses that have signed up for Revenue Online Service (ROS). If you would like to use the bridging software provided by Intuit to submit a VAT return digitally through ROS you will need an active Quickbooks Online subscription. File a VAT return through our bridging software: Go to VAT. Select the ▼ dropdown arrow next to Prepare return and select Submit with a spreadsheet. On the Submit with bridging software page, verify your client's VAT number and VAT period you've selected. If all the information is correct, select Browse, then select the CSV file containing your client's VAT information, and then select Next. If your CSV file has multiple sheets, you need to specify the sheet that contains the transactions that make up your VAT return. Once you have selected the sheet required you need to enter the first cell from your CSV file. Once you have entered the correct cell, QuickBooks will automatically populate the relevant data from your CSV file.

Welcome to QuickBooks Online! We want to tell you about some of the differences between QuickBooks Desktop and QuickBooks Online that you may notice after importing. One of these differences is how you will track VAT. DifferenceMy Accounts Payable (A/P)/Accounts Receivable (A/R) account balances are different. ReasonWhen you filed VAT in QuickBooks Desktop, a general journal was created with amounts against A/P: in the case of a tax amount owing, and A/R in the case of a refund. Paying the bill or receiving the payment closed the journal. In QuickBooks Online, instead of using A/P or A/R, QuickBooks Online creates a new suspense account that retains amounts owed/owing to tax agencies. If you have completed a filing but have not yet made or received payment for that filing before you moved to QuickBooks Online, the amounts will be moved from the A/P or A/R accounts in QuickBooks Desktop to this new suspense account in QuickBooks Online. DifferenceI can't find my existing

When you pay VAT in QuickBooks Online, you are recording the payment against a specific VAT period; you are not actually transferring money to Revenue. Why do I need to create a record of my VAT payment or refund? Recording VAT payments or refunds is an important part of bookkeeping for your business. Every time money goes in or out of your bank account it needs to be matched to an invoice or bill so that your books balance. When you make a VAT payment to HMRC or receive a refund from them, you need to create a record so that you can make a match with the associated bank transaction. If the money comes into or goes out of your bank account without this match being made in QuickBooks, your books won’t balance at year end. How to record a VAT payment Go to VAT. Select Payments, and then select Record Payment. Select the bank account you've used to pay Revenue. Enter the payment date and amount in the appropriate fields. Add a memo if needed. Select Save. How to record a VAT refu

By registering, you’re letting HMRC know that you intend to submit your next VAT return in a MTD-compliant way. Make sure you have the following details to hand as you'll be asked to provide these during sign up: Your Government Gateway user ID and password Your business's VAT registration number and latest VAT return To sign up: Visit the HMRC website. Select Sign up now for Making Tax Digital for VAT and follow the on-screen prompts. When prompted, enter your Government Gateway credentials, then Sign in. If your business is not yet eligible to sign up for MTD, a message will appear to advise this. Follow the on-screen prompts, providing any requested information. When you receive a verification email, select the link in the email to verify your email address. This can take up to 72 hours to be delivered to you, so please allow yourself enough time for this to happen when you are signing up. Read and accept the terms of participation. HMRC will then confirm if you can star

IE VAT codes and rates When you set up VAT, QuickBooks Online automatically sets up a list of common VAT codes for you. 23% S - Standard rate VAT (from January1, 2017 forward) If you are registered for VAT, you have to charge VAT at the standard rate on all goods and services you supply, unless they fall into another category. Before using anything other than the standard rate, go to Revenue's website to find out what rate of VAT applies in any particular set of circumstances. 13.5% R - Reduced rate VAT A reduced rate of VAT applies to some goods and services including items such as fuel (coal, heating oil, gas), electricity, veterinary fees, building and building services, agricultural contracting services, short-term car hire, cleaning and maintenance services. It's important to read the detailed rules on Revenue's website to understand when the reduced rate can be used. 9% SR - Second reduced rate VAT The second reduced rate of VAT applies only to certa

Dataswitcher does not convert the VAT (it will only copy the values). The main reason for this: Different software vendors use different rounding algorithms, so differences will appear on invoices and transactions Most transactions are stamped with two decimals, losing information Dataswitcher needs to do the conversion Historical claims are handled differently and can cause issues in the long run To copy the data across, Dataswitcher treats VAT as a regular line item. They will copy the received VAT or paid VAT as a line item. This means the balances of the accounts will also be copied over (unless they are cleared). In the pre-conversion checklist, it's required that you keep the VAT report for your current quarter (or month) until the conversion date. You need this to complete your very first report in QuickBooks Online. After the quarter or month has finished and our VAT is due We start a new VAT submission in QuickBooks Online. It should already be prepared for us within T

The VAT Detail Report lists transactions that are included in each box on the VAT return. Below are common questions answered about the VAT Detail Report. How is the VAT Detail Report run? The VAT Detail Report will automatically run on the basis you have chosen in your VAT Settings. How are the amounts on the VAT report calculated? The amounts on this report are calculated for the dates you choose at the top of the report screen. If you've backdated any transactions or made any changes to a transaction you have already filed (known as Exceptions), these will not be included on this screen. Note: To see these transactions (known as Exceptions), refer to your VAT Exception Report, or go to the Submit return screen. Can I modify the dates for this report? You can modify the dates for this report in order to show your VAT transactions as of an earlier date or to see the detail of your sales and purchases for a different date range. Go to Business overview and select Repor