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tony

External


Since: Jun 27, 2003
Posts: 1



(Msg. 1) Posted: Fri Jun 27, 2003 6:42 am
Post subject: Creating VAT only sales invoices
Archived from groups: alt>comp>software>financial>quickbooks (more info?)
Hi,

As I have been messed around by the VAT people, I need to issue
several VAT only sales invoices.

I use Quickbooks2002 and the manual does not seem to cover this.

Does anyone please know how to do it?

TIA

regards
Tony

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junk3

External


Since: Jun 27, 2003
Posts: 28



(Msg. 2) Posted: Fri Jun 27, 2003 4:28 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Historians believe that in newspost
<1f3f173.0306270242.7a0da6f6 RemoveThis @posting.google.com> on Fri, 27 Jun 2003,
tony grigg <tony RemoveThis @transenigma.co.uk> penned the following literary
masterpiece:
 >Hi,
 >
 >As I have been messed around by the VAT people, I need to issue
 >several VAT only sales invoices.

Sad(

 >
 >I use Quickbooks2002 and the manual does not seem to cover this.
 >
 >Does anyone please know how to do it?

Having had a quick try, I don't think you can. VAT is calculated
automatically, based on the sales price of an item. I don't appear to be
able to manually set a VAT figure.

The simplest way I can think of how to do it is to manually type an
invoice outside of Quickbooks using a typewriter or do it in word and
Word and line it up/print on a blank Invoice etc.

Having done that use the journal entry feature of Quickbooks to add the
VAT to the VAT ledger and maybe alos to the Invoice ledger. Reconcile
any incoming payment from the customer again by using the VAT ledger and
journal entries, if necessary, to balance everything up. You may not
need this latter bit as it should show up that the customer owes you
money and when you receive payment it gets automatically sorted in the
Receive payments window. Anyway that is the general idea. The niceties
you can sort by trial and entry on the journal.

How to do Journal entries is covered in the help. If you only do them
once in a blue moon it takes some thought. Just make sure you get the
entries in the right columns so your ledgers go the right way i.e. if
you are charging £1000 VAT, the VAT ledger should now go from say 10,000
to 11,000 not go down to £9000.

Good luck.

Duncan
--
I love deadlines. I especially like the whooshing noise they make as
they go flying by.

Duncan Clark
GeneSys Ltd.<!-- ~MESSAGE_AFTER~ -->

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actual1

External


Since: Jun 27, 2003
Posts: 1



(Msg. 3) Posted: Fri Jun 27, 2003 5:00 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Duncan,

Thanks for your reply.

Intuit, have an FAQ on an Exceed website telling you exactly how to do it,
but you cannot access the FAQ without paying them £105 !!! (Here:
<a style='text-decoration: underline;' href="http://exceed.quickbooks.co.uk/Support/FAQs/VAT" target="_blank">http://exceed.quickbooks.co.uk/Support/FAQs/VAT</a> )

If they had someone talk me though doing it I can understand charging, but
to charge just for an FAQ to tell you how the basic product works is
completely unreal.

cheers
Tony


"Duncan Clark" <junk@[127.0.0.1]> wrote in message
news:PUUQJWCZhD$+EAYZ@[127.0.0.1]...
 > Historians believe that in newspost
 > <1f3f173.0306270242.7a0da6f6 DeleteThis @posting.google.com> on Fri, 27 Jun 2003,
 > tony grigg <tony DeleteThis @transenigma.co.uk> penned the following literary
 > masterpiece:
  > >Hi,
  > >
  > >As I have been messed around by the VAT people, I need to issue
  > >several VAT only sales invoices.
 >
 > Sad(
 >
  > >
  > >I use Quickbooks2002 and the manual does not seem to cover this.
  > >
  > >Does anyone please know how to do it?
 >
 > Having had a quick try, I don't think you can. VAT is calculated
 > automatically, based on the sales price of an item. I don't appear to be
 > able to manually set a VAT figure.
 >
 > The simplest way I can think of how to do it is to manually type an
 > invoice outside of Quickbooks using a typewriter or do it in word and
 > Word and line it up/print on a blank Invoice etc.
 >
 > Having done that use the journal entry feature of Quickbooks to add the
 > VAT to the VAT ledger and maybe alos to the Invoice ledger. Reconcile
 > any incoming payment from the customer again by using the VAT ledger and
 > journal entries, if necessary, to balance everything up. You may not
 > need this latter bit as it should show up that the customer owes you
 > money and when you receive payment it gets automatically sorted in the
 > Receive payments window. Anyway that is the general idea. The niceties
 > you can sort by trial and entry on the journal.
 >
 > How to do Journal entries is covered in the help. If you only do them
 > once in a blue moon it takes some thought. Just make sure you get the
 > entries in the right columns so your ledgers go the right way i.e. if
 > you are charging £1000 VAT, the VAT ledger should now go from say 10,000
 > to 11,000 not go down to £9000.
 >
 > Good luck.
 >
 > Duncan
 > --
 > I love deadlines. I especially like the whooshing noise they make as
 > they go flying by.
 >
 > Duncan Clark
 > GeneSys Ltd.<!-- ~MESSAGE_AFTER~ -->
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junk3

External


Since: Jun 27, 2003
Posts: 28



(Msg. 4) Posted: Fri Jun 27, 2003 5:48 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Historians believe that in newspost
<3efc4029$0$7721$fa0fcedb@lovejoy.zen.co.uk> on Fri, 27 Jun 2003, wombat
willy <actual1.TakeThisOut@hotmail.com> penned the following literary masterpiece:
 >Intuit, have an FAQ on an Exceed website telling you exactly how to do it,
 >but you cannot access the FAQ without paying them £105 !!! (Here:
 >http://exceed.quickbooks.co.uk/Support/FAQs/VAT )
 >
 >If they had someone talk me though doing it I can understand charging, but
 >to charge just for an FAQ to tell you how the basic product works is
 >completely unreal.

A suppliers bill is easy to enter for just VAT but still not sure on a
customer. Try the quickbooks UK forum:
<a style='text-decoration: underline;' href="http://quickbooksusers.com/.forums/" target="_blank">http://quickbooksusers.com/.forums/</a>

You will need to freely register.

Duncan
--
I love deadlines. I especially like the whooshing noise they make as
they go flying by.

Duncan Clark
GeneSys Ltd.<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Creating VAT only sales invoices 
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spam24

External


Since: Jun 27, 2003
Posts: 188



(Msg. 5) Posted: Fri Jun 27, 2003 8:00 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
You can invoice for Canadian GST as follows:

Invoice an "other charge" (or service or whatever, doesn't really
matter) item for $1 "taxable" and a second item, also taxable, for
NEGATIVE $1, then change the GST to the amount desired.

The same method works for sales tax. Since GST is similar to VAT,
this will probably also work for your VAT.

Alternatively and perhaps better, issue a duplicate of your original
invoice but make the items taxable and add corresponding negative
items NON-taxable, leaving only the VAT in the total.



"tony grigg" <tony.DeleteThis@transenigma.co.uk> wrote in message
news:1f3f173.0306270242.7a0da6f6@posting.google.com...
 > Hi,
 >
 > As I have been messed around by the VAT people, I need to issue
 > several VAT only sales invoices.
 >
 > I use Quickbooks2002 and the manual does not seem to cover this.
 >
 > Does anyone please know how to do it?
 >
 > TIA
 >
 > regards
 > Tony<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Creating VAT only sales invoices 
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user751

External


Since: Jun 28, 2003
Posts: 3



(Msg. 6) Posted: Sat Jun 28, 2003 3:37 am
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Following:

Item Price VAT VAT Amt Amount (Total)
Item 1 100 S 17.50 100 (117.50)
Item 1 -100 E 0.00 -100 (-100.00)
Total
17.50

Andy

"tony grigg" <tony.DeleteThis@transenigma.co.uk> wrote in message
news:1f3f173.0306270242.7a0da6f6@posting.google.com...
 > Hi,
 >
 > As I have been messed around by the VAT people, I need to issue
 > several VAT only sales invoices.
 >
 > I use Quickbooks2002 and the manual does not seem to cover this.
 >
 > Does anyone please know how to do it?
 >
 > TIA
 >
 > regards
 > Tony<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Creating VAT only sales invoices 
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junk3

External


Since: Jun 27, 2003
Posts: 28



(Msg. 7) Posted: Sat Jun 28, 2003 2:37 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Historians believe that in newspost
<fu2La.358$CK.13848@news20.bellglobal.com> on Fri, 27 Jun 2003, _
<Spam.TakeThisOut@LocalHost.com> penned the following literary masterpiece:
 >Invoice an "other charge" (or service or whatever, doesn't really
 >matter) item for $1 "taxable" and a second item, also taxable, for
 >NEGATIVE $1, then change the GST to the amount desired.
 >
 >The same method works for sales tax. Since GST is similar to VAT,
 >this will probably also work for your VAT.

No the entries in on an invoice in the VAT column are effectively greyed
out and can't be manually altered. The cursor will not select them, full
stop.

Duncan
--
I love deadlines. I especially like the whooshing noise they make as
they go flying by.

Duncan Clark
GeneSys Ltd.<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Creating VAT only sales invoices 
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spam24

External


Since: Jun 27, 2003
Posts: 188



(Msg. 8) Posted: Sat Jun 28, 2003 2:37 pm
Post subject: Re: Creating VAT only sales invoices [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
Hmmm, different in Canada. GST (VAT) amounts are shown in an editable
total field, not on a per-item basis.

What about my alternative suggestion - re-issuing the original invoice
but now taxable, offsetting all but the VAT with an added negative
item?


"Duncan Clark" <junk@[127.0.0.1]> wrote in message
news:7hdNU8A$$W$+EANB@[127.0.0.1]...
 > Historians believe that in newspost
 > <fu2La.358$CK.13848@news20.bellglobal.com> on Fri, 27 Jun 2003, _
 > <Spam RemoveThis @LocalHost.com> penned the following literary masterpiece:
  > >Invoice an "other charge" (or service or whatever, doesn't really
  > >matter) item for $1 "taxable" and a second item, also taxable, for
  > >NEGATIVE $1, then change the GST to the amount desired.
  > >
  > >The same method works for sales tax. Since GST is similar to VAT,
  > >this will probably also work for your VAT.
 >
 > No the entries in on an invoice in the VAT column are effectively
greyed
 > out and can't be manually altered. The cursor will not select them,
full
 > stop.
 >
 > Duncan
 > --
 > I love deadlines. I especially like the whooshing noise they make as
 > they go flying by.
 >
 > Duncan Clark
 > GeneSys Ltd.<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Creating VAT only sales invoices 
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