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davegreenie
July 13, 2020
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I'm struggling with how to report VAT on purchases where only some of the items are subject to VAT

  • July 13, 2020
  • 2 replies
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I buy products that are subject to VAT and some that are not from the same supplier. How do I split these up when entering the data as I only have the one invoice from them?

Best answer by Ashleigh1

Hello Davegreenie, 

 

If the invoice you got was from the same supplier but just some lines are needing vat on and some are not then.  All you need to do is create one expense for the supplier in your Quickbooks and just add the multiple lines on that expense, putting the lines that don't have vat on as no vat code and the lines that have vat on to the right vat code for example to 20%. its just a case of splitting the lines to say vat or no vat.  

 

2 replies

A
Ashleigh1
July 13, 2020

Hello Davegreenie, 

 

Welcome to the Community page, 

 

In order to record this in your account, you would just create an expense for the different suppliers from that one invoice and just put the lines in that have vat on to what vat amount they need to be so for example 20% and then put the lines that don't have any vat on but the vat code as no vat. So it is just a case of having to put multiple lines into the record that invoice in your Quickbooks. 

 

 

A
Ashleigh1Answer
July 13, 2020

Hello Davegreenie, 

 

If the invoice you got was from the same supplier but just some lines are needing vat on and some are not then.  All you need to do is create one expense for the supplier in your Quickbooks and just add the multiple lines on that expense, putting the lines that don't have vat on as no vat code and the lines that have vat on to the right vat code for example to 20%. its just a case of splitting the lines to say vat or no vat.  

 

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