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ElaineC1707
April 21, 2023
Solved

VAT Adjustments

  • April 21, 2023
  • 1 reply
  • 0 views

Hi,

 

I have several invoices that have been previously excluded from our monthly VAT return as they were paid in error from a bank account not linked to our business and the invoices were also not entered onto our Quickbooks. How do I go about reclaiming the VAT paid back through our mo.

Best answer by Ashleigh1

Hi ElianeC1707, so no I mean on the expense itself at the bottom edit that vat box there so the vat box that is under subtotal box and above total box.

1 reply

A
Ashleigh1
April 21, 2023

 Hello ElaineC1707, thanks for posting on the Community page, 

Here is what you need to do, 

Create expense. Use the same category

First line +0.01 20% VAT

Second line -0.01 No VAT

Manually edit the VAT amount right after. After this, it will reflect on the VAT return as reclaimable.

Check this link also here. 

E
ElaineC1707Author
April 21, 2023

Hi Ashleigh

 

Thank you for your reply, will give that a go.

A
Ashleigh1
April 21, 2023

No problem at all ElaineC1707. 

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