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January 6, 2022
Question

I cant find any purchase vat totals in the taxes /vat only sales. any help appreciated

  • January 6, 2022
  • 1 reply
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1 reply

January 6, 2022

Hi there, @homesafe1.

 

You can run the Tax Liability report in QuickBooks Online. This report lists the transactions that are included in each box on the VAT return. This is based on standard VAT accounting (accrual accounting) unless you changed your VAT reporting preference to cash basis.

 

Here's how:

 

  1. Go to the Reports menu and search for the VAT Liability report.
  2. Click the report to open.
  3. Filter the report according to the data that you need. 
  4. Select Run report

Financial reports in QuickBooks give you tons of great info about your business. You can customise them to show specific accounts or customers, or format the layout so the right data shows up in the right place. 

 

If you have further questions or concerns, feel free to reach back out anytime. Just click Reply and I'll get back to you.​​​​​​