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October 23, 2020
Question

I think QBO is not accurately recording input VAT, right? It should not be an expense. It is an Other Current Asset.. To be offset against Output VAT

  • October 23, 2020
  • 1 reply
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1 reply

MaryLurleenM
October 24, 2020

My colleague has already answered this post for you, jrmcielos1.

 

You can check the post here: https://quickbooks.intuit.com/learn-support/global/tax/i-think-qbo-is-not-accurately-recording-input-vat-it-should-not/01/693016#M715.

 

If you have other questions, don't hesitate to leave a reply.