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Jun 10, 2019 8:31 AM UTC
Question

How to record a refund for a VAT Return submitted before using Quickbooks online? thanks

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1 reply

Jun 10, 2019 11:30 AM UTC

Hi kgar

 

To record this, you can create a separate chart of account for previous VAT paid. To do this go to Accounting > Chart of Accounts > New and create an Expense account.

 

Then create an Expense transaction (+ icon > Expense) for the payment and choose the new account on the category drop-down. 

 

Thanks!