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gillianhind
January 28, 2020
Solved

Can someone tell me how to create entries for the vat fuel scale charge?

  • January 28, 2020
  • 2 replies
  • 21 views
i have added this journal:
dr motor expenses gross amount exempt sales vat
cr moto expenses net amount 20% vat
Best answer by Ashleigh1

Hello Gillianhind, 

 

Unfortunately  we do not support this in QuickBooks you would need to reach out to an accountant who would be able to advise you the best way to record this. 

 

We welcome all other comments though from others 

2 replies

A
Ashleigh1Answer
Level 14
January 28, 2020

Hello Gillianhind, 

 

Unfortunately  we do not support this in QuickBooks you would need to reach out to an accountant who would be able to advise you the best way to record this. 

 

We welcome all other comments though from others 

paul72
paul72
Level 6
January 29, 2020

Hi @gillianhind 

 

Yes - that looks fine to me - although I don't enter a VAT Code in the Debit line (or use NoVAT to keep this line off the VAT return).

I've seen slightly different methods on this forum (different Cr/Db accounts) but I've been doing it this way for years (in QB Desktop & now QBO) without an issue.

 

Screenshot attached.

    I
    ianuk1
    October 19, 2022

    Hi Paul


    thanks for that.  Why is it duplicated in the screenshot tho ?

    paul72
    paul72
    Level 6
    October 19, 2022

    Hi @ianuk1 

    Sorry - should have mentioned - that's for two cars.

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