VAT on commission paid later

Hello Steve. Thanks for reaching out.

I'm here to help you record the VAT on commissions paid later. You can enter them in QuickBooks using a sales receipt.

Let's start with creating the product/service item for the VAT:

1. Go to the Sales menu and select the Products and services tab.
2. Select New and choose Non-stock or Service.
3. Add a name. 
4. From the Category ▼ drop-down, select the category that best describes your product or service.
5. Select the I sell this product/service to my customers checkbox. If you don't sell the item, you can leave it unchecked.
6. In the Sales information section, enter a description. This is what your customers will see on their sales form.
7. Enter an amount in the Sales price/rate field.
8. Select the Income account ▼ drop-down and the account you want to use to track the sale.
9. When you're done, select Save and Close.

Once done, you can now add it to your sales receipt. You can also set up and use the VAT feature. This way, QuickBooks can automatically do the VAT calculations for you on your invoices and receipts for easy and accurate filings. 

You can read through these articles as additional references in managing your transactions and VAT in QuickBooks:

• Add VAT categories to your products and services
• Set up and edit VAT settings, VAT codes, and VAT rates

I'll be right here to help if you need additional assistance with recording your transactions. Feel free to leave a reply below.