VAT & purchase orders

QuickBooks Discussion board - Discussions about the popular financial software by Intuit 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date VAT & purchase orders Glenn Clark 03-12-2009  Re: VAT & purchase orders www.GymRatZ.co.uk 03-12-2009
Posted by Glenn Clark on March 12, 2009, 3:04 pm Please log in for more thread options HI I have a copy of QuickBooks 2008. I am not vat registered so this is not setup. when I create a purchase order bearing in mind my suppliers charge vat, how can I make the purchase order add the vat so it all ties up correctly an shows up on the purchase order faxed to the supplier. Thanks Glenn Posted by www.GymRatZ.co.uk on March 12, 2009, 4:38 pm Please log in for more thread options Glenn Clark wrote: > HI > > I have a copy of QuickBooks 2008. I am not vat registered so this is not > setup. when I create a purchase order bearing in mind my suppliers charge > vat, how can I make the purchase order add the vat so it all ties up > correctly an shows up on the purchase order faxed to the supplier. You just create a purchase order for the VAT inclusive amount I would suggest. The column figures don't matter to you just the total amount payable. Purchase order for product X = £100 + VAT so your purchase order surely is for Product X @ £115 As long as the supplier knows your P.O. is an approximate you you accept and allow them to correct any errors then you just tidy it up whn you get your invoice in. I expect 1 in 30 of my P.O.'s placed actully have the correct numbers on. We only have one supplier that refuses to action any p.o unless it is exactly correct. No doubt somone will suggest the "correct" way to do it though. :¬) Pete Similar Threads Posted Purchase Orders Remaining in Open Purchase Orders Report July 14, 2009, 9:11 pm Purchase Orders January 26, 2007, 6:14 pm Purchase Orders #2 February 8, 2007, 8:58 am Deposits against Purchase Orders January 6, 2009, 12:14 am Emailing Invoices, Estimates and Purchase Orders May 17, 2007, 3:29 pm Sales orders June 24, 2007, 8:49 am Sales Orders January 31, 2009, 3:42 am POS for custom and special orders June 15, 2006, 2:41 pm Importing Orders Into QB 2008 Pro April 9, 2008, 11:14 am QB Premier Canadian 2007 multiple sales orders August 21, 2007, 1:28 pm