NEED TO SET UP VAT RECEIVABLE ACCOUNT

I'm here to help you today about setting up a VAT receivable account, Mahboob.

VAT accounts are created upon setting up sales tax and report the sales tax for every transaction. All you need to do is add rates depending on your state.

Let me show you how:

1. From the Tax Centre page, select Add Tax.
2. Choose which type of tax rate you want to set up.
3. Enter the details of your tax rate. If you need help with this screen, select the help button (yellow question mark).
4. Select Done when finished.
   
   

I've got you an article for more details: How do I Set up Sales GST/VAT Rates and Use them on Forms? (International QBO).

You might also want to read these articles to know more about VAT rates:

• VAT Feature Update FAQ.
• Updating VAT in Your Account.
  
  

Please know that you can always get back to this post if you have any other questions. I'm right here to help you.