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