VAT
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Hello Team,Good Day. I have a question, VAT has implemented in 2018 in Saudi Arabia but we have invoiced to a customer in Dec-2017.On the other side we have received the VAT amount since the services has occured in 2018-2019. When I record the transaction its showing excess amount which completely VAT on the previous invoice. Example below for your reference. Invoice 2017 10,000 Received amount in 2019 10,500 Excess VAT Amount (500) How do you want me to record this transaction in the Quickbooks online.Kindly help me. Aleem
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We are a UK business. We have now registered for VAT in Germany but will only register in the UK from March. I would like to set up VAT but I obviously need need to separate the countries as QB will be used to do the UK VAT return.Is this possible?Thank you to anyone who can give us any answers about this.
Customer is cash accounting. Filing has not been a problem before but this quarter the VAT 100 report has included last quarters figures, if I subtract these (including the payment made) I get the correct figure for this quarter. How do I adjust these figures to file MTD VAT?
Since starting MTD I have come across and issue with my VAT summary and therefore I presume my returnsI have only ever used QB to calculate the VAT but have never 'closed down' each quarter so each quarter I just minus the brought forward balance to give me the actual period balances then entered these within the Government Gateway.I have been able to adjust the VAT on boxes 1 and 4 (no EC sales or purchases) to read correctly but I have tried everything to remove the brought forward balances on net sales and purchases (Boxes 6 and 7)Anyone got any ideas ?
Hi Does anyone know why a VAT 101 report only shows invoices that have been marked as paid? What happens to others that have not been paid yet and how will these be picked up in future reports? We want to run a monthly report. Thank you
Hi, how do i add VAT rates in Quickbooks online, where in reports and invoices they should be showing just the initials, not the whole name of the tax rate.
