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bill3103
December 20, 2024
Question

Recording a VAT refund QB matches the payment but I'm not sure QB is giving the full picture.......

  • December 20, 2024
  • 1 reply
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When recording a VAT refund QB matches the payment but do I then need to post a journal to reduce the expense by the refund amount so that my expense/overhead is not overstated in the P&L.

1 reply

M
Maybelle_S
December 20, 2024

Thanks for checking out the Community space, Bill.
 
I've checked your posts and found that you've published similar questions twice. Please know that my colleague has already answered the duplicate one. 
 
You can view her answer through this link: https://quickbooks.intuit.com/learn-support/en-uk/vat/re-vat-refund-not-posted/01/1518017#M9715.
 
I'll be right here to continue helping if you have follow-up questions regarding this topic. Assistance is just a post away, Bill. Have a good one!

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