Skip to main content
Mar 30, 2020 1:28 PM UTC
Question

When I record a VAT payment in the VAT section do I also record it as an expense or will this create a duplicate?

Original commenter did not share additional details

1 reply

Mar 30, 2020 1:54 PM UTC

Hello wassmowbray,

 

Recording this as an expense would create a duplicate, you should only record this on the Taxes page > Select 'Make payment' against the filing - this will debit and credit the correct VAT Control and VAT Suspense accounts in the background as well as record the payment to your selected bank account, which can then be matched in the Banking screen if you have this connected. 

 

Thanks