First Previous - Page 1 of 1 - Next Last

How to handle Margin Based Sales VAT using Quickbooks Online...?

  • Member
  • Practice Licence
  • 27 posts
  • # 117936


Can anyone out there offer advice on how to handle the Margin Based Sales VAT for a car dealer client using Quickbooks Online?

The quarterly total comes off my client's Management system which is not linked to Quickbooks and I have been adding this figure manually into the VAT returns. However I am just not 100% sure how to deal with this figure in Quickbooks.

Any ideas?

Tony Jackson

Turnpike Business Services Ltd

  • Fellow
  • Practice Licence
  • 40 posts
  • # 117938



I have a client the same, my client also has an independent system recording their stock records, sales & VAT on margin


The same as you, I manually enter an invoice into Quickbooks, adjusting the VAT to the same calculated on margin


Hope this helps



First Previous - Page 1 of 1 - Next Last