Tax
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irish user
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hello. I mistakenly filed the vat return and it is not correct . I should add some more input there. please help me to unfile the vat in quickbook.
When preparing an Irish VAT return, QBO gives an amount to pay such as €1,000.49 , but when paying this amount to the Irish Revenue Online Service, they round this number down to €1,000. They force this rounding, I cannot change it. Now when trying to match the bank transaction amount €1,000 to the QBO VAT amount of €1,000.49, QuickBooks thinks I have underpaid 49 cents and I can never finalise the VAT return and the account totals do not match. How do I get around this? Thanks
GST UTILITY EXCEL REPORT NOT SHOWING CREDIT NOTES IN CDNR SHEET OF UTILITY REPORT ALSO NOT DEDUCTING CREDIT NOTE AMOUNT IN B2CS
As per FTA I need to post following entry in QB:Output VAT :Customer (Debtor Control) A/c Dr To Sales a/c To VAT Payable a/cFor Input:Purchase Import / Inventory a/c DrVAT Recoverable Input Tax (RCM) A/c DrCustoms Duty A/c Dr. To Bank/clearing agent A/c. To Import Vendor a/c
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I'm new to QB. Imagine I connected all my banks last week, and uploaded my historic transactions for the past two years. Then I upload my suppliers and customers today, and include their VAT and tax details. Will QB apply the tax/VAT rates to the list of transactions which were uploaded last week? Eg. I was purchasing adobe software in 2019 and 2020. So that's in my transactions list for those years. Adobe is my supplier, but I haven't yet uploaded my list of suppliers. So, If I upload Adobe's tax details today, will QB automatically apply the tax to the 2019/2020 transactions? I've spent 3 hours so far today chatting to 4 different QB 'experts'. None of them could help. I'm surprised. My question I think is a common one.
when i enter a sales invoice the tax column is there, but not in expenses. i am unable to set up a tax rate as it always has sales ticked.
There is no option to select make tax digital
I have a tax agency which only has tax on sales. I need purchases
In Sri Lanka , we have Suspended VAT, where exporters were given the facility to not to include VAT on their invoices. But in the invoice, we must show what is the Suspended VAT amount. This Suspended VAT amount does not get added to the customer payable amount . At the end of each much the organisation needs to sent a report to the Department of Inland revenue on the amount of Suspened VAT for each month. I need to know how to show the VAT amount as a Nominal figure
Daniel
I’m basically just using QuickBooks for basic accounting purpose for my small business and the GST tax is not applicable for our business. Any suggestions would be greatly appreciate
Dear QBO community, I need your help. Zimbabwe currently allows businesses to transact using multiple currencies. The main ones are the United States Dollar and the Zimbabwe Dollar. According to the law, VAT must be recorded and paid in the currency the transaction was conducted using. Our main challenge is QBO does not seem to allow us to record VAT payments using foreign currencies. We have successfully recorded the payments made in our home currency, the Zimbabwe Dollar. But we are unable to record any payments made in United States Dollar (which is our primary foreign currency). How can I best go about resolving this? Any guidance is sincerely appreciated.
I stopped paying GST in March 2020, when my business was shut due to Pandemic. We reopened in Feb 2022 and paid GST for Feb 22. Now, when i go to Tax Center in QB and "Record Payment" it is recording as April 2021 (continuing from where i left in 2020) and there is no option to show that it is Feb 2022. My bank register doesn't allow me to select "CGST payable" under expenses, nor under transfers. Journal Entry to debit the bank and credit CGST and SGST payable accounts is not reflecting!
Does QB support creation of e-invoices for GST Portal Filing
I added my inventory in Products and services and I made all things-quantity/sales price/cost and I separated unique income account for this inventory under sub account of sales and also Cost of sales. But when I sold this item, it shows correctly under sales income account that i separated but it is not shown in Cost of Sales account that i separated and also not reduced as closing inventory in balance sheet, it remains as initial cost of inventory in balance sheet. So please tell me what is wrong for that.
Hello, we have trouble with taxes. We have Two taxes rate we use when we recieve invoices but only one is availabale when we send invoices, how can I do to have the second one availabe to use when we send invoices ? Thanks in advance, Yann
invoice for an sez customer how to create in QB?
