QB Regular 2006 question

I'm having a problem producing a Transaction detail by account report
for my accountant. The problem is that my reports include VAT and my
account wants them without this tax shown. Try as I may I simply cannot
see how to alter the report to exclude VAT !
I imagine there must be a way as it clearly says at the top right of the
report Note figures include VAT.
I hope someone can help we with this.
Many thanks
Richard
Reply to
Richard Kenward
In his posting of Mon, 18 Mar 2013, Richard Kenward writes
Guys I've discovered in preferences/reports/company preferences that I can set net or gross and that does remove the note that figures include VAT. Unfortunately however the reports continue to include VAT ! What a bummer, perhaps someone can tell me how to overcome this problem.
Cheers
Richard
Reply to
Richard
What version, country edition are you using because in North America it is not called VAT.
How did you enter the amount with the VAT, were the two amounts entered separately or as a total?
When I enter an invoice, Quickbooks wants the invoice amount before GST (VAT to you), and Quickbooks calculates what the GST should be and records it separately in a tax account -- how does your version do it?

Reply to
EXT
In his posting of Wed, 20 Mar 2013, EXT writes
Hello
I'm in the UK and using QB Regular 2006
I enter the amount of the item bought with the VAT together and then it shows up split into the net amount and the vat amount along with the vat code.
Yes I think it is doing it the same way see above.
My problem is that the Transaction detail by account report always gives the numbers with the vat included regardless of if I have in preferences/reports/company details the preferences set to net. The only difference is that when I set it to net the line saying Note figures include vat is removed, but the figures do not change! So frustrating.
Cheers
Richard
Reply to
Richard
Don't bother trying to analyze the reports, go into the actual accounts, your expense accounts should NOT show the VAT, it should show up in the VAT Tax account, so check it too to see where the amounts are going, possibly you are not entering the expense entries properly. I can only guess, as I am in Canada, and your VAT and our GST may not be treated the same way. Here we have items subject only to federal GST sales tax, we also have items subject to both federal GST and to provincial tax combined as Harmonized Sales Tax (HST) and we have to enter the appropriate tax code to apply the correct percentage. We also have different provinces that add different provincial amounts. The amount of tax paid is applied as a Input Tax Credit against GST or HST amount collected from clients on invoices issued.
Reply to
EXT
In his posting of Wed, 20 Mar 2013, EXT writes snip
Thanks for your help. I've found where I'm going wrong and now I should be able to provide my accountant with what he wants
Cheers
Richard
Reply to
Richard

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