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October 11, 2020
Question

How do I change transaction type if it’s been filed by someone else under deposit but the payment is a transfer? On my vat return it’s now showing as an income.

  • October 11, 2020
  • 1 reply
  • 0 views
About to file our vat 1/4 and noticed income is more than we have taken. Have managed to remove all the vat I was going to have to pay on the transfers but can’t change from deposit to transfer. I’m the main user

1 reply

October 11, 2020

I've got your back, @jane24.

 

Changing the transaction type is currently unavailable. You can consider deleting the deposit and process a transfer. This way, it'll correct your VAT return.

 

Here's how:

 

  1. Find and open the deposit transaction.
  2. Click More from the bottom, then select Delete.
  3. Hit Yes to confirm.
  4. Once done, you can now process the transfer.

You can check out this article to proceed with filing VAT return: Submit a VAT return in QuickBooks Online.

 

Please touch base with me here for all of your QuickBooks needs, I'm always happy to help. Have a good one.