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November 10, 2019
Question

I am trying to post a VAT recovery to the VAT control account but it won't let me - what should I do?

  • November 10, 2019
  • 1 reply
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1 reply

November 10, 2019

Hello richardbda,

 

The VAT Recovery should be posted in VAT Suspense. Then, it'll be posted from VAT control to VAT Suspense once the return is filed. Once filed, you can now record a VAT refund.

 

Here's how:

  1. Click Taxes on the left panel.
  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.

 

Consider checking this article for additional info.

 

If you have additional concern, just add it below. I'm just here to help you out.