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AccountsTsSecurity
February 1, 2022
Question

VAT only Invoice

  • February 1, 2022
  • 1 reply
  • 0 views

Hi All,

I have an issue. When I started to generate Invoices I was not VAT registered, however it was agreed with my "Customers" that I would charge VAT at a later date.

 

I now need to raise a VAT only Invoice so that I can recover the VAT charges from previous invoices.

 

I know the Invoice Numbers in Quickbooks for which I need to raise VAT Invoices for.

 

Will be grateful if you could let me know how I can create a VAT Invoice only for my "Customers"

 

Thanks

 

1 reply

C
Charies_M
February 2, 2022

Good day,  AccountsTsSecurity.

 

You can enter a VAT only transaction and enter your desired rate. Follow the steps below for your reference:

  1. Go to + New icon.
  2. Choose Invoice.
  3. On the first line, select the account you want to use and enter the rate.
  4. On the second line, select the same account and choose an Exempt code.
  5. Click Save and close.

Here's an article you can read for more details in personalising your invoice and estimates: Customise invoices, estimates, and sales receipts in QuickBooks Online.

 

In case you want a reference with VAT processing in QBO, check our Resource page through this link: VAT for QBO United Kingdom.

 

If you have other questions on future tasks, feel free to access our Help Articles.

 

Keep in touch for more questions with this managing invoice information. I've got your back. Have a good day.

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