QuickBooks Uncategorised VAT

QuickBooks Uncategorised VAT

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When you post a journal that includes an entry to the VAT Control account, Quickbooks 2008 refuses to put it on the VAT return. I could add it manually to the return, but then it would still be excluded from that awful journal that QB posts when VAT is filed. Does anyone know how to get QB to include it in the VAT return?

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By Captainblack
03rd Oct 2013 19:39

Don't use a journal
With QB its best not to use journals for transactions affecting VAT. Use a traditional transaction instead, then the Vat will be processed correctly. If you need more information PM me.

Captain

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By chatman
03rd Oct 2013 19:57

Thanks Captainblack. Actually the client did this by using "Make Deposits". I could delete it and book a purchase, but I hate deleting transactions. It feels dodgy and uncontrolled! Andit's a pain in the neck.

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By Captainblack
03rd Oct 2013 20:13

A Sale
Presumably this was a sale. I suggest (sorry) delete the offending transaction and create a cash sales invoice (which will sort the VAT) then bank the proceeds (if undeposited funds account is in use).

Captain

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By chatman
04th Oct 2013 10:40

Thanks.

Yes, you're right. Thanks. And yes it probably would be a sale rather than a purchase if money was received!

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By Captainblack
04th Oct 2013 10:45

Sales Receipt

In QB the required transaction is Customer (menu)->Enter Sales Receipt.

The value will be posted to the selected bank account OR Undeposited Funds if the Undeposited Funds option is switched on in preferences. In that case use Banking->Make Deposits to transfer the money from Undeposited Funds to the bank.

Captain

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