I have a client that is cash accounting for VAT and is using Postponed VAT Accounting for imports.
I understand that imports must be accounted for under normal VAT Rules but how do I get QuickBooks to make the appropriate entries to include such transactions on an invoice basis. Therefore showing up on the correct VAT return and not when they are paid.
Replies (2)
Please login or register to join the discussion.
By using the PVA vat codes?
https://quickbooks.intuit.com/learn-support/en-uk/value-added-tax/common...