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vat on invoices?

hi all

well just starting to sit down with quickbooks and do my first invoices...

all the invoice templates on quickbooks have columns for vat.

i'm not vat registered and don't intend to be, do i still have to display the vat parts on the invoice at 0%?

anyway to remove them off in quickbooks?

thanks

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  • You should not put '0% vat' or 'VAT inclusive' on your bills if you are not registered, because you are not charging customers any VAT. You are either recovering expenses(which may happen to include VAT you have paid), charging labour or profiting. You don't need to explain any breakdown, so dont show VAT you have paid out. I always just put  'Total - Inclusive' on estimates and  invoices, so that they don't wonder whether VAT is included.

    Presumably you set VAT at 0% on the software so long as it doesn't come out on the invoice.

     

  • James, assuming you've purchased 'Simple Start', IIRC during the initial set-up the software asks whether you're VAT-registered or not, and adapts the templates to suit accordingly.

  • Hi Guys

    Yes it's the simple start, It did ask me and i selected 'NO'

    But the templates still have vat, so basically just messing with customising a template now...

    I was wanting to add a bit on the bottom of every invoice with payment details and thanks for your business etc..

    can't seem to find away to do that automatically for every invoice, any ideas?

  • PRO

    Ahhhhhh just wrote a long reply and it got deleted by itself! hate it when that happens.


    Anyways, basically I said- make a new invoice, go to customise at the top then layout designer. You can then chop and change everything round, we have logos, payment terms, key info etc on it and different templates for estimates and invoices.

    Also our accountant told us that even if not VAT registered you still need to have this column/row on your invoice.

    * Just edited to add that we have Quickbooks Pro so it may be different to the simple start one

  • lol i typed up a large reply to another thread last night and it got deleted.. lost the will to re write it :)

    So you do have to have the vat line then?

    could you maybe email me one of your invoices so i can have a wee look at it? mock it up like you just cut my grass? :)

    sent you a message via your website with my email addy .

This reply was deleted.

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