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Oct 14, 2020 9:50 PM UTC
Question

Why does it show on reports>VAT that my VAT collected on sales is over £2000 when when I go to all sales the vat showing is £150? - The £150 is the correct figure

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1 reply

Oct 14, 2020 10:36 PM UTC

Hello there, accounts-aspectn.

 

The amounts showing in the VAT/Sales Tax Center and the VAT reports are based on the transactions you've recorded in QuickBooks Online. You might want to review the Report period when you pull up the reports. Here are some reports that might help you:

Once you've settled the differences, you can already the VAT payments and submit the VAT return.

Let us know if you need additional assistance in reviewing the details. Have a great day!