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ElaineC1707
Apr 21, 2023 8:20 AM UTC
Solved

VAT Adjustments

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.

Ashleigh1Answer
Apr 21, 2023 12:54 PM UTC

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.

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5 replies

Ashleigh1
Apr 21, 2023 12:13 PM UTC

 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. 

ElaineC1707Author
Apr 21, 2023 12:20 PM UTC

Hi Ashleigh

 

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

Ashleigh1
Apr 21, 2023 12:28 PM UTC

No problem at all ElaineC1707. 

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