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May 31, 2020 10:24 PM UTC
Question

My revenue and vat wont tie in having just changed to QuickBooks from a firm doing on my behalf this looks to be due to the flat rate scheme benefit do I journal this in

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1 reply

May 31, 2020 11:39 PM UTC

Hello there, hayley_0407. 

 

Yes, you can create a journal entry affecting the correct sales tax account and the amounts. Then, we can review your VAT settings again an update if needed. These changes will reflect to future transactions. 

 

Here's how: 

  1. Go to Taxes.
  2. Select the Edit VAT ▼ drop-down arrow.
  3. Click Edit settings or Edit rates.

If you need more help with your VAT settings, you can check out this article: Set up and edit VAT settings, VAT codes, and VAT rates. 

 

I'll be here if you need anything else. You take care always and have a great day!