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August 4, 2020
Question

1) Where is "View Summary" to record a VAT Return? It's in the Help, but not on the actual system 2) How do I reconcile Stripe payments vs VAT sales invoices?

  • August 4, 2020
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1 reply

August 4, 2020

The View Summary option is located on the Taxes page, @saul2.


Let me walk you the steps and help you reconcile your transactions.


To start, please make sure your VAT is turned on. Then, you can follow these steps to view the option.

 

  1. Go to the Taxes menu, then choose Returns.
  2. Select return.
  3. Under Action column, click the dropdown arrow beside Prepare return.
  4. Click View summary.


For additional information, you can also check this reference: Record a VAT payment or refund. This resource has a short video, so you’ll be guided thoroughly.


To reconcile Stripe payments with VAT sales, you’ll want to check first the imported transactions from the stripe and the account used. Then you can run a VAT 100 Detail report for comparison. If everything looks good, then you can follow the process of this article to reconcile them.


Don’t hesitate to get back if there’s anything I can help you with. Have a good day.