VAT

We have switched to an external payroll processing company, ADP.  They submit the taxes etc on our behalf but how do I record that in quickbooks?  They give us reports after every pay and on a regular basis, but how do I record that on my end?

We purchased a company vehicle, made payments.  The car was stolen and the leasing company sent us a cheque for equity that had been invested in the vehicle (overpayment).  It's not income.  We paid the lease and they are just refunding the overpayment back.  How do I record the cheque we cashed?

We closed an account with the telephone company.  They mailed back a cheque for the positive balance that remained on the account.  How do I record that in quickbooks?  It is not income, it's an overpayment.

We are now with ADP for payroll.  When they take the lump sum out of our account, I record it under "Payroll Liability" but for taxes I record "out of scope" but part of that money is taxes paid.  How do I record this properly in QB?  The only option is HST, no tax, exempt, but there is no option to record the tax portion of that.  Life was so simple doing payroll in QB.

We use ADP payroll processors.  There were a couple times when they had to reverse funds back into our account (instead of just keeping it and putting it towards the next payroll) and now I have to deal with it.  They take out a lump sum amount and then they gave us a ridiculous amount back like $7.53.  It just created a bookkeeping nightmare for me that I don't know how to deal with.

I became VAT registered last year and received an inspection immediately on first submission.  Partial exemption was introduced to me as a requirement at that point however the amended figures were entered at HMRC side and so not sure how it should be done in quickbooks.

If possible, I'd like to remove a currency, but I've used it in the past with some expenses.  Do I have to go to all records from previous years and redo/delete them or is there a way to remove the currency as of a certain date/year.  Also, what is the best way to filter the expenses to see only the ones in that currency?

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When preparing VAT returns for clients on the cash basis, transactions appear as normal on the exception report but these do not then appear on the "Prepare return" screen. I would expect to see an additional "Exceptions" column on the "Prepare return" screen when there are transactions included in the exceptions report but this does not appear to happen for clients on the cash basis. This could lead to those transactions not being returned to Revenue unless manual adjustments are made to each VAT return. Can this be fixed?

When preparing VAT returns for clients on the cash basis, transactions appear as normal on the exception report but these do not then appear on the "Prepare return" screen. I would expect to see an additional "Exceptions" column on the "Prepare return" screen when there are transactions included in the exceptions report but this does not appear to happen for clients on the cash basis. This could lead to those transactions not being returned to Revenue unless manual adjustments are made to each VAT return.

Does anyone know how to claim expenses on an electric car when self-employed and having to use none simple expenses.  Ive called the HMRC help line and even they seem to be confused, directing me to a page that talked about car allowances for employed people!   I'm a driving instructor using the electric to conduct lessons, its great but now thinking about submitting my year end.  I've recorded things like mileage per client, electric charging cost used on the public charging network and home.  But I believe HMRC are not treating electric as a fuel..So how do I claim mileage is I can't use the simple method? Thanks in advance

The company is a charity supported by a VAT registered charity shop. I also need to structure the chart of accounts to support this split

Hi - I have provided a service to a Canada client and raised an invoice with 'No VAT' as it's outside the scope of VAT. I understand these sales need to be reported in box 6 of the VAT return, but nothing is pulling through to box 6. What is the easiest fix for this, or do I have to do a manual adjustment on each VAT return? Thanks

My company is not VAT registered. My invoice template is a VAT template. How to create a non VAT invoice template, please.

I am in the process of seting up for the first time. I have linked to my bank and loaded transactions. I ran a VAT detail report and found that it has included the deposits into my bank. I have set it up as accrual basis accounting (i.e. not cash) so there should be nothing in the report as I have yet to enter any invoices. Is this normal? It may be important that I am in a fixed rate scheme.  It is quite hard to work out but I think the report includes payments for invoices raised in a previous VAT period and does not include invoices raised but not paid duting the reporting period.

I've checked the date, description and amount columns are right but it's just saying there's an error importing them. I can't face manually typing in everything!

Hi, I am not showing any figures in my income tax section.

I need to unmark a VAT rturn as unfiled to enable me to file via MTD. I have tried previosu suggestions of deleting the journal via the VAT control account however Quickbooks states I can only edit the date?

Hi,Our client receives approximately 10% of the full order quoted as a payment on account. The order is often not fulfilled for 8-10 weeks after due to the nature of the product and at this point they invoice the customer. I have Quickbooks set to cash accounting for VAT, but my problem is that, say the QE 28.02.23, they received a payment, deposit, or full payment, in February but the invoice was not raised until mid-March, Quickbooks is not recognising the payment received until the (later) invoice date and is therefore not accounting for VAT on the payment received in the correct quarter. How do we get around this? I can't believe Quickbooks is not recognising sales payments received per the receipt date when set to cash accounting rather than the invoice date.

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Dear QuickbookersI have imported IIF transactions into Quickbooks. Everything looks fine, except for the VAT. The bill correctly shows the VAT category as "S" for standard, but the VAT does not show on the transaction. If I change the VAT type to "O" for zero rated, and change it back to "S" again, the VAT shows correctly. After recalculating the entire transaction, the totals match and I can save the transaction. Doing this for more than a thousand transactions is very tedious though. Is there a utility or function that can process these transactions in bulk? Best regards

How to Switch from Cash to standard accounting for VAT?  Anyone know where to find the QB guide for this?

I'm going to switch to Quickbooks from 1st March. The first VAT period I want QB to handle for me will be March to May 2023. I'm just setting up QB now and it asked when I wanted the first period to be so I set March, but it understood it to be from March last year, 2022, which I found out after connecting to MTD and it's showing me an empty report for March-May 2022 that's marked with "take action" and I can't seem to get rid of. What can I do?

hihaving trouble with my vat,my quarter starts from 1/1/23but i paid some of my suppliers on 2/1/23 for goods from last quarter ending dec 22 which i have reclaimed back , this is shown as 2/1/23 on my bank , now quick books is adding these transactions to this quarter , not sure what to do , can anyone help?