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Jul 15, 2022 6:04 AM UTC
Question

Expenses

Hello

 

can anyone help?

I have been adding in expenses and click 20% S tax or vat.

 

when I run the year report to find out my income and expenses it’s only giving me all my expenses before the tax/vat. 

does anyone know why? Shouldn’t it show the full amount? 

1 reply

Jul 15, 2022 8:31 AM UTC

Hi Ben Meldrum Welcome to the Community. If you're running the Profit and Loss report the VAT element of transactions won't show as QuickBooks classes the VAT as a liability.