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Mar 3, 2019 6:27 AM UTC
Question

My client's only vehicle is his van. 75% of its use is business, 25% is personal. He is VAT registered. How should I account for this in QBO?

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1 reply

Kristine Mae
Mar 4, 2019 8:49 AM UTC

Hello there, Kevin-ringer.

 

The 75% of business use should be with VAT. You can account the 25% with No VAT since it's just personal use.

 

Though, I still suggest checking with your government or tax adviser on the best way to categorize them.

 

Don't hesitate to post in the Community if you have other concerns.