Skip to main content
February 7, 2019
Solved

How do you record a VAT refund in quickbooks online?

  • February 7, 2019
  • 1 reply
  • 0 views
Original commenter did not share additional details
Best answer by AshH

hi fernando.lanyog


Thank you for contacting Community.


If you have filed your VAT return within QuickBooks and the system already has it marked as filed in the taxes section, you can record the payment or refund there. To do this...


1. Click on 'Taxes' on the left of your QuickBooks account.

2. Locate the return under the Submitted or Filed section.

3. Click on the drop down arrow at the end of the line and select 'Record Refund'.

4. Fill out the required information and click 'Save'.


This will then record the payment as being refund to which ever bank account you selected.


If you have any further issues, please feel free to get in touch. Our contact details can be found here.



1 reply

AshH
AshHAnswer
February 7, 2019

hi fernando.lanyog


Thank you for contacting Community.


If you have filed your VAT return within QuickBooks and the system already has it marked as filed in the taxes section, you can record the payment or refund there. To do this...


1. Click on 'Taxes' on the left of your QuickBooks account.

2. Locate the return under the Submitted or Filed section.

3. Click on the drop down arrow at the end of the line and select 'Record Refund'.

4. Fill out the required information and click 'Save'.


This will then record the payment as being refund to which ever bank account you selected.


If you have any further issues, please feel free to get in touch. Our contact details can be found here.



April 13, 2019

How do you record a refund for a VAT return from last financial year before I started using quickbooks? Should I put it in as an other income or something else?

April 29, 2019

I have the same question.