Skip to main content
PBS_117
May 4, 2020 5:06 PM UTC
Solved

I cannot find a way of creating a credit for a contractor (supplier) who has CIS deducted. NOTE: the credit note is dated in the same CIS period as the original invoice.

Original commenter did not share additional details
GeorgiaCAnswer
Jan 11, 2021 5:46 PM UTC

Hi kbriddon,

 

Thanks for joining in on this thread. CIS is not handled in the same way as VAT on the system - as CIS is deducted from the invoice and is not paid by the contractor to you like a customer would for VAT, you're not able to credit this, since you didn't receive this in the first place it's not possible to refund. 

 

If you do need to credit a CIS invoice we would advise contacting your accountant for advise, as they may be able to input a journal to close the invoice. 

 

Thanks again!

 

 

View in thread

3 replies

MaryLandT
MaryLandT
May 4, 2020 9:05 PM UTC

Hi there, PBS_117,

 

You're unable to select a CIS when you create a credit note. You'll want to create an expense to record the CIS payment. This way, it will show on your CIS report.

 

Let me show you how:

  1. Click + New, then choose Expense.
  2. Select a subcontractor from the supplier drop down. This tells QuickBooks that it’s a CIS transaction and will automatically select the correct labour account for you based on this subcontractors CIS rate.

I've added these articles to help you manage CIS payments in QuickBooks Online:

Should you need anything else, don't hesitate to leave a comment below. I'm always around to help.

kbriddon
Jan 11, 2021 11:12 AM UTC

When a subcontractors credit is entered on the cis amount is not being calculated like it does for a invoice ?

 

    GeorgiaCAnswer
    Jan 11, 2021 5:46 PM UTC

    Hi kbriddon,

     

    Thanks for joining in on this thread. CIS is not handled in the same way as VAT on the system - as CIS is deducted from the invoice and is not paid by the contractor to you like a customer would for VAT, you're not able to credit this, since you didn't receive this in the first place it's not possible to refund. 

     

    If you do need to credit a CIS invoice we would advise contacting your accountant for advise, as they may be able to input a journal to close the invoice. 

     

    Thanks again!

     

     

    Terms & ConditionsAccessibility statement