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A
alba1
February 14, 2020
Question

Hi, I moved to QB the VAT control account it was all balance and when I linked QB with HMRC it created the 3 VAT RETURNS files with wrong totals on the VAT SUSPENSE?? TY

  • February 14, 2020
  • 1 reply
  • 0 views
so there was some Journals randomly created on my sales transactions just debit and crediting the same amount but the debit had VAT and credit doesn't son it has created wrong totals on my VAT files everything happened when I linked QB with HMRC, how can I fix this? thank you

1 reply

G
GeorgiaC
February 14, 2020

Hello alba1,

 

Thanks for your post and welcome to the QuickBooks Online Community.

 

When you link QuickBooks to HMRC this will not change anything within your account, it is only when you submit a return that the filed amount will move from the VAT control to the VAT suspense account, from which this balance is cleared when the VAT payment is recorded on the Taxes screen against the filing. 

 

For the three journals posting to the VAT suspense, do these relate to filings which were made prior to joining QuickBooks or did you submit these through QuickBooks Online? 


Thanks

A
alba1Author
February 14, 2020

Hi Georgia 

 

Yes those three files (my 3 returns for the year so far) appears as open returns on the taxes tab and the total on them does not match with my actual returns and also my returns have been already filed and paid (apart from the last one) so I do not know why QB has created those files when also and the VAT control account it matches with my previous system (SAGE) ?

 

Many thanks

Alba 

G
GeorgiaC
February 14, 2020

Hi alba1, 

 

 

Thank you for getting back to me with the additional information. 

 

It is only possible to have one open return in QuickBooks, are any of these returns showing under 'Filed' or 'Paid' on the Taxes screen? 

 

Is the amount which is showing in the 'VAT DUE' column different to the amount showing in the journal for this date in the VAT suspense account? 

 

If possible are you able to attach a screenshot of one of the journals created?

 

 

Thanks 

 

 

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