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1 reply

JaneD
Level 6
June 30, 2019

Good day, mosey15.

 

You can record the supplier's information in QuickBooks Online (QBO) and the system automatically automate the VAT when recording purchases and sales from them.

 

Let's turn on the VAT feature first by following these steps:

  1. Go to Taxes.
  2. Click on Set up VAT.
  3. Enter the information and choose Next.
  4. Then, follow the onscreen instructions.

Here are the steps to record a supplier:

  1. Sign in to QBO.
  2. Go to Expenses and select Suppliers.
  3. Click on the New supplier tab.
  4. Enter the information.

If you're recording a sub-contractor, make sure to mark the Is subcontractor checkbox. Then, enter the details in the CIS information section.

 

For further guidance, refer to this article: Suppliers overview.

 

I'm also linking some articles that will provide more information about VAT:

 

That'll do it. Let me know if you have any questions. I'll do everything I can to answer them.