VAT
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I am using quickbooks desktop. When I view the VAT detail report, it gives me the total VAT amount reclaimed per transaction etc. For transactions which have numerous expenses like the petty cash transaction, it just gives the total VAT amount. How can I view the amount of VAT on each expense/item line.
Which VAT tax code should I use for expense from supplier which is not registered for VAT? Or for business entertainment expense, or for expense which is obvious business expense, but without receipt I can not claim a VAT. These expenses should be included in VAT return, but if to choose NO VAT tax code - it will be excluded then.
Hi,I am trying to complete my VAT return after moving to Quickbooks desktop pro from another quickbooks package. However the VAT amounts are incorrect. I have a lot of unassigned VAT which I cannot clear and the calculated amounts even when I take this into account are still inaccurate. Can you advise me firstly how to clear the unassigned VAT (they all appear to have VAT codes assigned). Thank you
i'm trying to get a report for the VAT that shows the actual nominal codes items have been posted to. the current VAT Detail report shows the type of transaction it is but i'm wanting to see a report to know what expense codes items have actually been posted to so we can see where any changes have been made. I am aware that the exception report will show the item if the nominal code is changed after filing but that still doesn't tell me what the transaction has been moved to/from. ideally if this is something that can be accessed by the "Reports" tab as this is for an company where we are a reports only user.
I am on the Flat Rate Scheme and have been filing VAT Returns for many years using the HMRC online tool. I have registered to use Quickbooks for MTD and now need to do my first VAT Return, but the balance to pay is coming up as well over £100K, presumably because I have categorised all of my VAT payments to HMRC over the years as 'VAT Control'. I just need to get the VAT window to recognise my last quarter, not the last 20 years! I'm not sure how to resolve, please can anyone help? Many thanks.
I had a list of debtors which includes several that owe zero. One in particular had several entries adding up to zero balance. There was a journal covering these. I used the make payment function to allocate the payment and deleted a journal which had been set up to zero the account. Now the account is still zero but the VAT on the transactions is appearing on the current liability, yet the VAT would have been included on the relevant VAT return 6 years ago when the account was active. I know I've messed up, but I need to get that £3k off the VAT liability before November! I've only been in the role a few months and not used to QB. Can anyone suggest how to get this back how it was? Thanks
