I'm going to switch to Quickbooks from 1st March. The first VAT period I want QB to handle for me will be March to May 2023.
I'm just setting up QB now and it asked when I wanted the first period to be so I set March, but it understood it to be from March last year, 2022, which I found out after connecting to MTD and it's showing me an empty report for March-May 2022 that's marked with "take action" and I can't seem to get rid of.
What can I do?
Welcome to Community, @Kitt1.
Let me provide some information about setting up VAT filings in QuickBooks Online (QBO).
You need to start creating transactions with VAT codes on March 1, 2023. Transactions created before this date will be defaulted on March 2022 by the system.
I'm adding this article for more guidance: Set up and use the VAT feature in QuickBooks Online.
I'm still open to your replies, @Kitt1. Please let me know if you need further assistance setting up VAT in QBO. I'll be standing by for your response.
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