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Tax
Glad to see you in the Community, aqadir.
May I know the business location? This is to ensure I can provide a timely solution to your concern.
Based on the details shared on the post, it looks like you’re using a non-US product. To help remove the VAT, let’s go to the account and then select the appropriate code.
Here’s how:
- Tap the Banking menu on the left panel and select Banking to open the Bank and Cards page.
- From there, choose the account you’re working on.
- Go to the For Review tab and then click on the transaction to expand the line.
- Click the Tax code drop-down to choose Exempt or No VAT.
I also suggest reaching out to an accountant for guidance on which specific tax code to use. This is to ensure all tax forms and payments are correct.
For future reference, see the Common VAT Codes guide. It provides a complete list of taxes as well as information when to use each one.
After following these steps, you can seamlessly review all entries.
Keep me posted if you need further assistance while working in QBO. I’ll be glad to assist you further. Enjoy the rest of the day.