Set up tax rates in QuickBooks

Before we can sync your invoices to QuickBooks, you'll need to set up your tax rates in QuickBooks – here's how to do that:

In QuickBooks:

1. In QuickBooks, go to Taxes and select VAT (Take me there). 
   Or, go to  Get things done and select Set up VAT in QuickBooks. 
2. Select the month you need to start calculating VAT from. 
3. Select your filing frequency for VAT. This is how often you will submit VAT returns to HMRC. 
4. Choose your accounting method.
   • Select Standard (also known as accrual) if you record income and expenses when you send the invoice or receive the bill, regardless if the invoice or bill was paid or not.
   • Select Cash if you record income and expenses at the time you receive the payment or pay the bill.
5. Enter your 9-digit VAT registration number.
6. If applicable, tick the Flat Rate Scheme (FRS) box and enter the percentage and tax registration date.
7. Select Next and then OK.

Find more information on QuickBooks VAT settings here

 In YourTradebase:

1. Head to Settings > Connect to QuickBooks
2. Select QuickBooks settings
3. Choose the tax rates that are set up in your Quickbooks account