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How to record a refund for a VAT Return submitted before using Quickbooks online? thanks

 
1 REPLY 1
QuickBooks Team

Re: How to record a refund for a VAT Return submitted before using Quickbooks online? thanks

Hi kgar

 

To record this, you can create a separate chart of account for previous VAT paid. To do this go to Accounting > Chart of Accounts > New and create an Expense account.

 

Then create an Expense transaction (+ icon > Expense) for the payment and choose the new account on the category drop-down. 

 

Thanks!