Skip to main content
X
Xavier11
February 20, 2019
Solved

Multicurrency: Invoice to show both totals as requested by HMRC

  • February 20, 2019
  • 1 reply
  • 0 views

I used Quickbooks Pro 2006 and invoices showed totals in both currencies (£ and €). Apparently is a request from HMRC. This is not possible using Quickbooks Essentials online. Any ideas?

Best answer by Xavier11

Hello Xavier,

 

You will need to first turn on VAT summary on your invoice form style. To do this, you will need to go the cog wheel in the top right hand corner of the screen, select 'Custom form styles' and click on the invoice template you are using. You will then need to go to 'Content' and click on the bottom section of the invoice, then tick VAT summary. Once this is turned on, after applying UK VAT to an invoice, it shows both the net value in and the VAT amount in GBP at the bottom of the invoice - per HMRC's request.

 

Please let us know if you have any further questions.

 

Thanks,

 

Talia


Brilliant! Thanks.
(Your colleagues said this was not possible on a customer services chat yesterday!)

 

1 reply

E
EdwardR
February 20, 2019

Hello and welcome to Community Xavier!

 

Thank you for your post, I have looked into this query for you with in QuickBooks Online you are only able to see both currencies on the invoice when creating the invoice. When the invoice is sent this will only show in the currency set for this customer if they are not using the home currency.

 

You can request this through the feedback section in the cog wheel of your account or on this link here, any feedback provided goes through to our product development team where they will assess any suggestions and look at implementing them when improving any features or adding new ones.

X
Xavier11Author
February 20, 2019

HMRC says:

 

Invoicing in foreign currencies

You can invoice in any currency for the goods and services that you supply. If UK VAT is due on the transaction your invoices must also show the following in sterling:

  • the total net value of goods and services at each VAT rate
  • the amount of VAT, if any, at each rate

You do not need to show sterling figures for each line on the invoice.

Terms & ConditionsAccessibility statement