VAT
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I have deregistered for VAT. I have QB Simple start. How do I turn the VAT off for future invoices?
Good afternoon I filed my first VAT return on 28/01/2021. It was supposed to be for the period 01/11/2020 to 31/01/2021. I then contacted the QB Support Team to reverse it (unfile) as that is what the Q&A advised me to do. QB Support team confirmed it was unfiled, however, the status reflects as Reopened, but I can't change it to filed. It's only giving me the next VAT period 01/02/2021 to 31/03/2021. The VAT payment was made to SARS via efiling and I just need to record it on QB now, but cannot access that return now. The live chat support team could not assist me as I don't think they understood my query/scenario. Please can you help. I need it to be correct, going forward.
A summary the problem: There is an account called vat opening and is under accounts payable(which not suppose to be created). All the bills and supplier credits with vat codes is going to vat opening instead of the vat control account. Please advise how do I change the vat codes from going to vat opening to vat control?
Good Day I have the following situation. My current VAT Return has no sales meaning no vat needs to be paid.However I have VAT on expenses which is thus showing i am due a refund. I would like to push this to the next period and use it against some sales that may ccome up next month instead of sars refunding me and so forth. How would I capture things on QBOL? In the return i have the option to adjust what has been submitted but will this carry over to the next period?? Thanks for your assistance
Hello I hope someone can help.I imported all my stock into QB from my WordPress website. All my prices are already VAT Inclusive. I am having an issue when I set up a quote or invoice: If i select VAT inclusive QB adds VAT to my already inclusive amount in the line item (so that the total is my price incl VAT + extra VAT), if I select VAT Exclusive it lists my correct price in the line item bu them adds VAT to the final total over. How do i change the settings so that I can simply select VAT inclusive and add the stock items without having to manually change the prices? thanks!
I got my Uncle in the US to pay for QuickBooks today, to be used for a business in Nigeria which would be operating in Dollar Currency. I tried setting up the Sales Tax but I don't get an option to use Nigeria tax agency. It keeps showing US related Tax agency cities.
We moved from QB Desktop to QBO in June 2020. Our May VAT was filed from QB Desktop, and duplicated in QB Online. However, the VAT Exceptions from May in QB Desktop were not reflected as exceptions in QB Online. How do I correct for this in QB Online?
