Skip to main content
Oct 23, 2020 11:27 PM UTC
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

Original commenter did not share additional details

1 reply

MaryLurleenM
Oct 24, 2020 1:43 AM UTC

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.