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A
agams
December 8, 2021
Solved

How to correct Record a VAT Payment

  • December 8, 2021
  • 2 replies
  • 0 views

Hello,

 

When we recorded the VAT payment in the last period, the wrong bank account was used. This has now caused a bank rec issue.

Can the Record a VAT Payment be corrected? Are we able to delete and re-record this?

 

Thanks and Regards 

Best answer by Chariot4info

Yes you can delete incorrect VAT payments.

 

  • Navigate to the VAT section under Taxes.
  • You should see a title next to returns called Payments. click on Payments to view.
  • on the selected payment, under Actions click the dropdown and select delete.
  • You can then return the the returns section and record the payment correctly.

 

2 replies

Chariot4info
Chariot4infoAnswer
December 8, 2021

Yes you can delete incorrect VAT payments.

 

  • Navigate to the VAT section under Taxes.
  • You should see a title next to returns called Payments. click on Payments to view.
  • on the selected payment, under Actions click the dropdown and select delete.
  • You can then return the the returns section and record the payment correctly.

 

    A
    agamsAuthor
    December 10, 2021

    Thanks. This has worked

    paul72
    paul72
    December 10, 2021

    VAT Payments are an anomaly (it may also happen for PAYE/NIC Liability Payments but I don't use QB for payroll so am not sure).

    Any standard payment (bill payment or expense) can simply be edited if there's an error but VAT Payment must be deleted & re-entered.

    If I remember correctly, it doesn't help that the VAT Payment screen doesn't recall the previously used account but defaults the first account alphabetically.

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