cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get your Payroll questions answered by a QuickBooks Product Manager here - https://intuit.me/31Nl3My
kgar
Level 2

I started using QBO March 1st 2019. When adding transaction of January and February they appear as exceptions in next return, how can I avoid this? thanks

 
Solved
Best answer May 18, 2020

Accepted Solutions
MaryLandT
QuickBooks Team

I started using QBO March 1st 2019. When adding transaction of January and February they appear as exceptions in next return, how can I avoid this? thanks

Hello there, kgar,

 

The amount in the Exception Amount column represents transactions you have previously filed for, but have since changed, deleted, or added. This is to ensure that no VAT collected (or credits earned) are missed or duplicated.

 

You can view the transaction that contributes to the exception amount. I'm glad to show you how:

  1. Go to Taxes and find the VAT for which you are filing.
  2. Select the arrow next to Submit return and select View exception details
  3. This will give you line-by-line, transaction-by-transaction details for your exceptions.

To fix this, you'll want to enter the effective date when you started your VAT to retrieve the return. Doing so will help you record a historical payment. 

 

Let me show you how:

  1. Go to the Taxes menu and click VAT
  2. At the upper-right, click Edit VAT and then Edit settings
  3. Change the Effective date for new scheme to the date you filed the return. 
  4. Click Save
  5. Under the Filed returns section, the reports will then show up.
  6. Click Record payment
  7. Once done, click Save

The VAT exceptions and reports page will tell you more about this and what to do if you need to change the amount.

 

Stay in touch if there's anything else you need. I'm always right here to help.

 

Thank you and stay safe!

View solution in original post

1 REPLY 1
MaryLandT
QuickBooks Team

I started using QBO March 1st 2019. When adding transaction of January and February they appear as exceptions in next return, how can I avoid this? thanks

Hello there, kgar,

 

The amount in the Exception Amount column represents transactions you have previously filed for, but have since changed, deleted, or added. This is to ensure that no VAT collected (or credits earned) are missed or duplicated.

 

You can view the transaction that contributes to the exception amount. I'm glad to show you how:

  1. Go to Taxes and find the VAT for which you are filing.
  2. Select the arrow next to Submit return and select View exception details
  3. This will give you line-by-line, transaction-by-transaction details for your exceptions.

To fix this, you'll want to enter the effective date when you started your VAT to retrieve the return. Doing so will help you record a historical payment. 

 

Let me show you how:

  1. Go to the Taxes menu and click VAT
  2. At the upper-right, click Edit VAT and then Edit settings
  3. Change the Effective date for new scheme to the date you filed the return. 
  4. Click Save
  5. Under the Filed returns section, the reports will then show up.
  6. Click Record payment
  7. Once done, click Save

The VAT exceptions and reports page will tell you more about this and what to do if you need to change the amount.

 

Stay in touch if there's anything else you need. I'm always right here to help.

 

Thank you and stay safe!

View solution in original post