VAT
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I am having trouble with the VAT Suspense code and VAT Control account code. Adding the two together gives the correct number for the accounts, I can't find out how to get Quickbooks to let me post a journal to merge the two. If someone could help that would be great as I’m out of ideas as to how to clear them off against each other. I can net the accounts so it's not a problem, but I do want to know how to use the software properly as I'm sure I'm missing something.
Hoping someone can help solve my problem. The Irish government has recently introduced a temporary reduction in the standard rate of VAT from 23% to 21%. I'm trying to change the VAT rate % in QB Desktop. From the 'Manage VAT' screen I've selected 'Change VAT Setup' and a pop-up window appears with the 'VAT Set Up Wizard'. The option I want is here 'Change an existing VAT rate' however the little pop up screen is very small and the options to select and edit the data I want are not visible. There's no way I can see to resize the screen or to scroll across to see the information I need. How can I fix this or it there another way for me to edit the VAT rates?
Hello,When i run my VAT detail report in QB desktop, it all looks fine. I can see VAT code entries for all entries. However, when i export this report to Excel the 'VAT code' entries do not appear for Boxes, 1, 2 and 4. They are present for boxes 6, 7 and 9. I also see the 'Item' and 'Rate' entries for 1, 2 and 4. But not for 6,7 and 9. Could someone tell me how to get round this?
Hi, I should have registerer on July for the VAT, we did it late and some invoices were created already without VAT. I started to update the old invoices already paid to include the VAT and it changes to “Paid - Not Deposited”. I’m really new in this world and I don’t know if I did it right or if is there any other way to do it. Many thanks!
Hi, We registered for VAT starting from 1st July 2020. I would like to claim the VAT back from Jan 2020, I have reconciled the bank account with all receipts but just want to check how I now reclaim it back? I have asked to send in my VAT returns quarterly so for the 1st return do I do it for half yearly or just reclaim it all in the 1st quarterly submission? ThanksKennels9
I am unable to enable VAT in my old QB 2010 R5 version (UK)Can i request some one to help me with this please?ThanksHarve
Hi. We recently purchased some tickets for a virtual football game from a football club that we are connected with in Slovenia, EU member state. We have been charged 9.5% VAT rate on the tickets, the standard rate for such purchases in Slovenia. I am not to fussed about claiming the VAT back as not sure this is possible once paid. I need to know how to record the VAT payment when I log the invoice on my Quickbooks. Not sure what code to use and how to record the rate as 9.5%. Many thanks.
Hi. This question has probably been asked time and time again but I am getting in a pickle with VAT codes. We purchase from an EU based, VAT registered company. The company supply goods direct to our customers in the UK. I understand that we use VAT rate and code 20% S on our invoices to our UK customers and are liable to pay the VAT each quarter. I am confused as to which VAT rate and code we should be using when registering invoices from our EU based supplier. I have been using 0% ECG but now I'm not sure if that is correct or not. I'm now wondering if I should have been using 20% ECG??? We have also started supplying a customer in Ireland and again have been using the VAT rate and code 0% ECG. Is this correct or should I be using 20% ECG? Thanks gang.
