Skip to main content
AuroreL
AuroreLAnswer
Feb 7, 2019 3:08 AM UTC

Hi colinbecclesgas,

Thank you for submitting your question. :)

You can easily enter a VAT only transaction. To do this, click on the + sign and select the transaction type that you need.

One the first transaction, choose the account you want to use. For the rate, enter £1, and for the VAT code, select the 20% Standard code.

On the second line, select the same account. For the rate, enter -£1, and choose an Exempt code.

The total of the invoice will be 0. You can then edit the amount in the VAT box to whatever you need it to be.

Hope that helps!

IntuitAurore


View in thread

32 replies

AuroreL
AuroreLAnswer
Feb 7, 2019 3:08 AM UTC

Hi colinbecclesgas,

Thank you for submitting your question. :)

You can easily enter a VAT only transaction. To do this, click on the + sign and select the transaction type that you need.

One the first transaction, choose the account you want to use. For the rate, enter £1, and for the VAT code, select the 20% Standard code.

On the second line, select the same account. For the rate, enter -£1, and choose an Exempt code.

The total of the invoice will be 0. You can then edit the amount in the VAT box to whatever you need it to be.

Hope that helps!

IntuitAurore


    grant richards
    Feb 20, 2019 1:34 PM UTC

    Where is the + sign. I have inputted via bank and its a total VAT payment do i split the tranaction when reviewing

      TaliaI
      Feb 20, 2019 2:23 PM UTC

      Hello grant richards,

       

      The '+' sign my colleague is referring to is the create icon in the top right hand corner of QuickBooks. If you follow the above instructions, you can then match the transaction via your bank feed.

       

      Please let us know if you have any further questions.

       

      Thank you,

       

      Talia

      Terms & ConditionsAccessibility statement