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July 9, 2020
Question

Hello, I would like to know how can I record VAT tax on my expenses? I tried to fill it put there is no field in the expenses on it

  • July 9, 2020
  • 1 reply
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1 reply

JasroV
July 9, 2020

I got you covered, @saleh-r-r-hotmai.

 

Adding VAT tax on your expense is easy. All you need to do is to set up a VAT item in your QuickBooks Online (QBO) account. Let me guide you through the steps.

 

In your QBO account:

  1. Go to the Taxes menu.
  2. Select Add tax.
  3. Click Custom tax.
  4. Enter the needed information.
  5. Select This tax is collected on purchases.
  6. Then simply click Save to finish the set up.

That's it, you can now record VAT tax on your expenses. To learn more about managing your taxes, you can check our Tax page for reference.

 

I've also added this link that you can use for future guidance: Customise invoices, estimates, and sales receipts in QuickBooks Online. This provides detailed information on how you can personalise your sales form to show the information that matters to your business.

 

Tag me in if there's anything else I can help you with. It's always my pleasure to help you.