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Norma16
October 25, 2021
Question

Unassigned Vat amounts

  • October 25, 2021
  • 3 replies
  • 63 views

The first item on the detailed VAT report is Unassigned VAT amounts - amounts posted to a Vat account without VAT code or VAT item - how do I find these amounts so that they can be corrected.

3 replies

MaryLandT
MaryLandT
Level 10
October 25, 2021

Let me help you find the unassigned VAT amounts, Norma.

 

There could be an issue with your last VAT return, and that's why taxes are showing under Unassigned VAT amounts.

 

You can undo the last VAT return by deleting the journal. Before proceeding, make sure to create a backup of your company file. This is to save a copy of your company file in case anything goes wrong.

 

Once done, 

delete the journal entry through the VAT Control account. This way you can start again with your return. 

 

Let me provide the steps:

 

  1. Go to Lists, then Chart of Accounts.
  2. Locate the VAT Control account and open it.
  3. Find the journal entry for the return you've submitted and delete it.
     

To re-submit your VAT, check out this page for detailed steps: How to submit a VAT return to HMRC - MTD for QuickBooks Desktop.

 

However, if those amounts are reported to a closed book, you can process a sales tax adjustment. Please refer to this link for the detailed steps: Process sales tax adjustment.

 

Upon sharing this solution, I still recommend consulting with your accountant. They can provide additional steps to ensure your VAT returns have accurate records.

 

Let me know if you have follow-up questions about the unassigned VAT amounts report. I'll be right here to provide the information that you need.

Norma16Author
October 27, 2021

I just wanted to know how to find the accounts that have been unassigned -  do not understand why the previous return has anything to do with the current return.

TirzahC
Level 4
October 27, 2021

Welcome to the Community, Norma16.

 

To clarify, which country do you reside in and the QuickBooks version you have? Please note that the accounts will show as unassigned if they don't have a specific category. To ensure that your accounts stay accurate, you can run a VAT report and click the transactions.

 

Here's how to run this report:

 

  1. Go to the Report menu.
  2. Choose the Report Center.
  3. From the Search Box, enter the VAT report. 
  4. Click the Customize Report button.
  5. Filter the report according to your preferences. 

 

To learn more about the payroll reports and how to customize it, you can read these articles: 

 

 

Feel free to comment below if you need additional information. I'm always around to help you out. Stay safe!

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