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May 4, 2019
Question

-20% VAT amount is showing as positive instead of negative on VAT report

  • May 4, 2019
  • 1 reply
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1 reply

May 5, 2019

Hi there, liannemac.


Regardless of the VAT rate, the amount deducted or added on the transaction’s total will always be positive on the VAT report. This is because the report is all about showing the calculated amount for each rate. 


The negative amounts will be applicable when you run the balance sheet detail report. That is because these amounts are deductions on your liability account. 


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