Hi, we are in the construction industry & we use invoice factoringWe are VAT reg & are in the CIS schemeHow do we record these invoices, so that quickbooks reconciles

Hi linsey-henry

You are unable to directly account for invoice factoring using QuickBooks and we advise you to contact an accountant.

We have enclosed a link relating to setting up CIS transactions within QuickBooks

https://quickbooks.intuit.com/learn-support/en-uk/help-articles/cis-in-quickbooks/01/239830#M1995