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Desktop - 'Proper' / alternative way to deal with VAT in journal entries

Hi there

I'm trying to find a way to record what used to be a simple journal entry on my older version of Quickbooks (6.0!).

I often incur expenses which include VAT on behalf of the company which are then credited to my Loan Acc.

On the previous version, on a single line entry on the journal, you could record debit account, VAT code, VAT amount and you were done.

On 2019 Desktop you have to enter a additional line which is not very efficient. And warning dialogues pop up :-0

Any simpler workaround available?

Thanks

a

You could set yourself up as a supplier, enter the bill/payment and then zero it out as follows: -

Bill = £0, but you split the costs at the bottom for example cost of 200, VAT of 30, director's loan -230.

If you already use your name on the system then you can use it again by adding a . after the name.

You could set yourself up as a supplier, enter the bill/payment and then zero it out as follows: -

Bill = £0, but you split the costs at the bottom for example cost of 200, VAT of 30, director's loan -230.

If you already use your name on the system then you can use it again by adding a . after the name.

Thanks Paul - will give it a shot.

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