Skip to main content
Jul 5, 2019 5:51 AM UTC
Question

How to add VAT expenses from previous years in first VAT return?

Original commenter did not share additional details

1 reply

Jul 5, 2019 6:30 AM UTC

Hello NeilC1,

 

We can do a liability adjustment to add your previous VAT expenses to the recent ones. This process will add a journal entry to show the adjustment and include it to your next VAT return. You can use this article for the detailed steps: Adjust your VAT Liability.

 

Then you can already submit your VAT return and close your books.