VAT
Recently active
Original commenter did not share additional details
This is for UK customers.
I have 2 VAT refunds from different quarters from HMRC that were received prior to using quick books. How do I go about recording these? I'm fairy new to quick books so the more info you can give me the better. I did record them to the VAT suspense account but when setting the VAT code I'm only getting an option for sales or purchases when these payments are neither. Thank you.
I have migrated my bookkeeping data from another software to QuickBooks online. I want to mark my older VAT returns in Auickbooks as filed. I am not able to see these VAT returns on my Taxes tab. Please suggest jhow to generate these older returns on Qb online and how to mark them as filed
I am unable to enter my VAT figures on my current VAT Return as no adjust option appears at the side of any of the boxes. How do I enter the figures?
I'm using the flat rate scheme FPS setting and I thought the filing action on QB would create the correct return calculating output VAT at 7.5% of gross sales but it remains at 20% of net sales. I cannot see how to delete/unfile the return anywhere on QB. I will then need to redo it - how do I get it to arrive at the correct sales VAT according to FPS?
We often receive "requests for payment" which are not VAT invoices. Vat invoices are only issued once payment has been made. How do we enter such requests for payment in Quickbooks so as to keep track of what we owe?
Whole 3 weeks … and my brain is totally exhausted…I’ve tried everything, including speaking on the phone with someone – no resolution!!!! Q1. A Journal entry (debit/credit) about a VAT PAID to HMRC for a previous period is appearing in my latest VAT return that is to be prepared and submitted. I need this payment to leave that latest report and I can’t remove it. When I EDIT the journal entry, it tells me I can only change the date, that’s it. Nothing else. It messes me up as in the actual return (the one that I need to submit) that payment is in the ‘DECREASE’ column. ANYONE? ANY HELP? In the Journal entry – VAT Control – Debits - £XXX; VAT Suspense – Credits - £XXX. Is that even correct?, which takes me to the next question: Q2. Three of the VAT returns were submitted outside QB. In what CATEGORY should I record the payments and reclaimed payments so they WON’T appear when the next VAT report is to be prepared?
