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- Checking VAT codes after upgrading
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Multiple Currencies: After upgrading, check the VAT codes assigned to your customers & suppliers
Updated: Dec 29, 2011
Article ID: HOW15875
If you used multiple currencies and you upgrade to QuickBooks 2010 or later, QuickBooks turns on a preference that allows you to use Customer and Supplier VAT codes when buying or selling goods or services to other countries.
After upgrading your QuickBooks company file, you should check the default VAT codes assigned to your customers and suppliers to ensure the correct code (one that matches where the customer / supplier is from) is used
- For example, if you have a customer from France, this customer should have an EC VAT code assigned to her. If you had a Supplier from South Africa, this supplier should have an Other VAT code assigned to him.
To check your customer and supplier default VAT codes
- From the Upgrade Centre, click the Verify Customer & Supplier default VAT codes option.
Or...
- From the VAT menu, select Manage VAT, then click the Assign VAT Codes button.
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