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Muz123
September 28, 2020
Solved

Itemized VAT amount

  • September 28, 2020
  • 1 reply
  • 0 views

HELLO,

I HAVE A SERIOUS QUESTION..

WHEN CREATING PURCHASE ORDER OR INVOICE I SEE FOLLOWING AVAILABLE FIELDS.

DATE, QTY, PRICE, AMOUNT, VAT%..

THE THING IS I WANT TO SEE VAT% IN AMOUNT AS WELL. HOW CAN IT BE DONE.

AS MY BUYER WANTS TO SEE HOW MUCH VAT HAS BEEN ADDED TO A SINGLE PRODUCT ITEM.

IF WE CANT SEE THAT PLEASE LET ME KNOW ANOTHER WAY OF DOING IT.

THANKYOU

Best answer by Ashleigh1

Hello Muz123, 

 

Thanks for coming back and giving us more information, 

 

In Quickbooks, there is no way of setting it so it shows what the VAT % is on each item it will only show you what it is for the whole invoice. Unless each line of vat has a different code then it will show you the item amount of vat at the bottom on the print/preview page but if they are all the same vat code it cant provide a breakdown for this it will just show you the total amount of vat for that code.  

 

We would suggest you leave feedback in the main cogwheel> feedback 

1 reply

C
Catherine_B
September 28, 2020

I can walk you through how we can add the VAT amount on your sales forms, Muz123.

 

When you select the Inclusive of Tax option, the total amount of the item will automatically be calculated.

You also have the option to add a tax category on the item and enter a description of how much tax has been added. When you create an Invoice or Purchase order, manually calculate the amount. Here's how: 

  1. Go to the Sales menu and select Products and Services.
  2. Create a new one or select Edit on an existing item.
  3. Enter the product's information and under the Description field, you can enter the VAT amount you'll be adding to this item.
  4. Select the Tax under the Sales section and Purchasing information drop-down.
  5. Click Save and close. 

You can refer to these references for more details: 

I'll be around the corner if you need more help. You take care and have a great day!

M
Muz123Author
September 28, 2020

Now please understand my question.

You see VAT 20%s column I want to see that in the form of amount for each item.

Please provide a solution for that.

Inclusive or exclusive does not show VAT% in amount for each item.

I hope you got my question.

A
Ashleigh1Answer
September 28, 2020

Hello Muz123, 

 

Thanks for coming back and giving us more information, 

 

In Quickbooks, there is no way of setting it so it shows what the VAT % is on each item it will only show you what it is for the whole invoice. Unless each line of vat has a different code then it will show you the item amount of vat at the bottom on the print/preview page but if they are all the same vat code it cant provide a breakdown for this it will just show you the total amount of vat for that code.  

 

We would suggest you leave feedback in the main cogwheel> feedback 

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