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Scott4978
July 6, 2020
Question

How should i reocrd a VAT payment to HMRC for a previuos quarter that was not logged on quickbooks?

  • July 6, 2020
  • 1 reply
  • 0 views

Hi there,

 

I started using QuickBooks to record all my accounting from Q1 / 1st April.  

 

How should I categorise the VAT payment in QuickBooks that relates to the previous quarters accounts (that was not logged on QuickBooks)?   This payment was debited out of my account from HMRC in May and I need to know how to log this payment in my accounts.

 

Thank You

 

 

1 reply

P
payment after leaving
July 6, 2020

Hi Scott4978

 

You can create an expense account relating to those payments e.g. name it Historic VAT Payments. Select accounting > chart of accounts > new > in the account type field select Expenses > in the detail type select taxes paid > give it a name > save and close. Moving forward the payments should be created using the VAT centre. 

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