Hi, I am trying to find out if Quickbooks is compatible with the Customs Handling of Import and Export Freight (CHIEF) system for EU import declarations from 1 Jan 21?

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Ashleigh1Answer

Level 14

Hello Mstrakey1,

So in Quickbooks, you would record the transaction as an expense or bills and select the relevant EC VAT code, if you are just recording purely for the VAT you would create a 100% VAT expense.

Ashleigh1

Level 14

Hello Mstarkey1,

Welcome to the Community page,

So no Quickbooks doesn't support it, as Quickbooks only records the selling and purchasing of goods.

mstarkey1Author

This is related to the purchasing of goods i.e. I purchase goods and need to pay import duty and VAT so it should be available via Quickbooks.

Ashleigh1Answer

Level 14

Hello Mstrakey1,

So in Quickbooks, you would record the transaction as an expense or bills and select the relevant EC VAT code, if you are just recording purely for the VAT you would create a 100% VAT expense.

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