JodieR wrote: »
I think that others on here prefer to enter the bill as the gross amount (ie £585) and then adjust for the CIS when the bill is paid instead.
Poodle wrote: »
I am not familiar with quick books. Would your posting put £585 to sales?
If it only puts £529 then that is not correct. You will be understating your taxable supplies and that could be dangerous for many reasons including VAT registration threasholds.