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Ben Meldrum
July 15, 2022
Question

Expenses

  • July 15, 2022
  • 1 reply
  • 0 views

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

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payment after leaving
July 15, 2022

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. 

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