I switched the system from cash based to accrual last year. Now I have a vat return on the system for 5k (in vat suspense) but an 8k figure showing in the vat control?.

It's great to have your query posted on this forum, Omega888. I'll provide inputs on why the VAT Control account is showing a large balance.

In QuickBooks, this can happen when you manually add transactions with a VAT code. The VAT Control is where all the entries post the VAT element.

Since you switched from cash-based to accrual last year, you'll have to verify each transaction first if there is any specific VAT assigned or taxable. All unpaid transactions that occurred in previous accounting periods aren't included in the current tax period. The VAT on these entries is now due in the VAT liability for this current period.

With this, I recommend checking your VAT reporting data to check which transactions aren't included and verify the dates and schedules of your VAT returns. To do this:

1. Go to VAT and select View reports.
2. Then, click VAT liability report.

However, if you make changes to your returns, it'll affect your VAT control and VAT suspense account. Before making any changes, talk to an accountant to understand the process when making adjustments to your account.

Furthermore, I'm sharing these references to help manage your VAT returns:

• Manage VAT payments in QuickBooks Online
• File your VAT return and record VAT payments in QuickBooks Online

Let me know if there's anything else I can help you with correcting your tax returns. I'll be around to provide the information that you need. Keep safe!