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Ashleigh1Answer
Jul 8, 2020 11:34 AM UTC

Hello jgm-heating-gmai

 

Welcome to the Community page, 

 

So the difference between the two accounts VAT control and VAT suspense is, 

 

So the VAT control account is where all the VAT amounts go to before they are filed.

 

The VAT suspense account is where the filed VAT amount is that is due to be paid, or refunded. 

 

 

1 reply

Ashleigh1Answer
Jul 8, 2020 11:34 AM UTC

Hello jgm-heating-gmai

 

Welcome to the Community page, 

 

So the difference between the two accounts VAT control and VAT suspense is, 

 

So the VAT control account is where all the VAT amounts go to before they are filed.

 

The VAT suspense account is where the filed VAT amount is that is due to be paid, or refunded.