Quickbooks and VAT - The Book-keepers Forum (UK)

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TOPIC: Quickbooks and VAT

Sheelagh

Veteran Member

Status: Offline

Posts: 26

Date: Tue Oct 22 14:48 2013

Quickbooks and VAT	Permalink

I seem to be having a string of problems with Quickbooks and VAT lately. I will post two of them separately and pray that someone can help. I have searched for Quickbooks VAT on the forum and most of the posts are fairly old so I'm hoping for some more recent revelations. Firstly Quickbooks Pro 2013 I posted a journal to the VAT along with other opening balance journals from the accountant. This journal resulted in the CORRECT VAT balance being reported in the TB but it should not affect the liability on the next return. This journal corrects an historical difference. So I posted it without "assigning" it and of course now QB wants me to assign it. But if I assign it the VAT return report will be incorrect - the liability will be overstated, and the statistical percentages won't stack up. How can I stop this journal entry from appearing every time I run a VAT return? Thank you for any help. -- Edited by Sheelagh on Tuesday 22nd of October 2013 02:48:47 PM __________________ Sheelagh Lyons Bookkeeping Clarity Making Bookkeeping Clearer The answers I provide are meant as a general guide only and do not constitute advice.

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