Hi I am just about to import the desktop version of QB to the online version. However I have a large amount in Unassigned VAT amounts. How can I clear this?

Hi Fiona,

Thanks for posting here on the community.

In QuickBooks desktop there are several things which may cause unassigned VAT to show up on the Vat reports/ Unassigned VAT amount reports.

1. If you have upgraded from an older version of QuickBooks, there may have been a VAT upgrade between the versions which can result in unassigned VAT amount. These transactions created will show as MTAX journals.

2. If you have created any cheques or general journal entries which post to the VAT liability account and do not include a VAT item this will cause unassigned VAT amounts to appear.

In order to check which of these may be causing the problem, please navigate to Reports>VAT> Unassigned VAT amounts report. Change the date range to 'All dates' and this should show which transactions are causing the unassigned amount to appear.

Feel free to post back with screenshots so we can see what's going on.