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Sep 25, 2019 8:45 AM UTC
Question

Good morningI am filing my VAT return for this quarter however the VAT is about 1000 out. Also the Sales of product is 9000 out how is this possible and what can I do?

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1 reply

Sep 25, 2019 10:56 AM UTC

Hi HeidiHilleard,

 

 

Have you reconciled your bank accounts in QuickBooks to the end of the VAT quarter to ensure that all transactions are entered with the correct date and VAT code?

 

We'd recommend doing this to ensure you have all transactions entered for the period and that there are no missing or duplicate transactions impacting the VAT. 

 

You can view our reconciliation hub here for how-to guides if you have not done this before.

 

 

Thanks