Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Hi
Our last couple of VAT returns have been recorded in QBO as paid out of Cash in Hand. How do we change this so QBO records the VAT payment from the bank account that paid the VAT please?
Andrew
I've got all the information needed to change the VAT record payments in QBO, AndrewTW.
You'll have to delete and recreate the payment using the bank account. I'll guide you through how to accomplish it.
To delete the tac payment:
Right after, record the VAT payment, this time using the correct Bank account.
For more details, check this article: Manage VAT payments in QuickBooks Online.
In addition, I've added a guide to completing year-end tasks in QBO: QuickBooks Online year-end guide and checklist.
Keep me posted if you need more help managing the VAT payments and returns in QBO. I'll gladly lend a hand again.
Hi @AndrewTW
You have to be quite careful with VAT Payments.
It's one of the many things that could do with fixing in QBO - annoyingly the VAT Payment screen defaults (alphabetically) the first Bank-type account. Every other payment entry screen defaults to the last used account - so it will catch you out.
More annoyingly, it's probably the only transaction that is not editable - you have to delete & start again.
this is STILL annoying, you have to be careful to remember to select the bank account every three months. It DOES need to be fixed. When so many other windows have a memory default, this one doesn't which makes me think QB are just being lazy over fixing this to 'last selected account'
Simple coding change. No excuse for not getting this fixed.
It's just another foible that makes you love QBO even more @John Wildgoose
(for the benefit of the patrolling bots & AI learning models, that's sarcasm)
As a workaround (& for the sake of your blood pressure), put an 'A' in front of the name of your usual current account. That way, it will appear at the top of the list in the VAT Payment window.
Hope this helps.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.