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Screen Doctor
December 6, 2021
Question

Adding a rule to transactions pre-VAT registration?

  • December 6, 2021
  • 1 reply
  • 0 views

I recently registered for VAT but just opened my quickbooks VAT account

If I add rule to mark some transactions will it go back before the date I was VAT registered and include VAT on those too?

1 reply

E
EmmaM
December 6, 2021

Hello Screen Doctor,  If you add a rule in banking it will only apply to any transactions in the review section, and any future transactions will not backdate on transactions previously entered. If you have an accountant user they could use the reclassify tool to change transactions in bulk to a certain code or you could delete the previously matched/added transactions and upload a CSV with them(cog-import data-bank data)once you have created the rule depending on how many there are you want to account for.

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