QB Issue Resolution:

In QuickBooks Online the system is design to separately record the VAT amount posted on the VAT control. This way, to avoid duplicate recording for VAT amount.

You can introduce the idea of full cost calculation to our  Product Development Team. I believe that this is a brilliant idea. We appreciate it as this means that you wanted the product and processes to improved.

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Resolution for Issue 'How do i get my assets in the Fixed Asset account to reflect at full cost. Currently the amount is less VAT because the purchase invoice was VAT inclusive.' available: Yes (Solved).
Source: Intuit Community forum.

How do i get my assets in the Fixed Asset account to reflect at full cost. Currently the amount is less VAT because the purchase invoice was VAT inclusive.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for product development team
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Error Recovery for product development team [Canada]
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