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i have already sumbit a VAT return for this quarter using a Excel sheet but i want to apply all the backdated expenses from April. When i do this is tries to add these to the Current period, is there anyway i can avoid this?

 
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Best answer 07-30-2019

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QuickBooks Team

Re: i have already sumbit a VAT return for this quarter using a Excel sheet but i want to apply a...

Hello Deb8357,

 

There is no way to avoid these transactions posting into your open period, as you have submitted a VAT return in your account. Any transactions dated before this period will post as exceptions in the current period, as these should have been entered before you filed your last period - this makes sure you are accounting for any VAT you should have paid/been refunded in the last period. If you do not believe these are genuine exceptions, you can adjust the boxes by selecting Prepare return and selecting Adjust next to the correct box, however we would advise to speak to an accountant to check this with them first.

 

Let us know if you have any further questions.

 

Thanks,

 

Talia

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3 REPLIES 3
QuickBooks Team

Re: i have already sumbit a VAT return for this quarter using a Excel sheet but i want to apply a...

Welcome to the Community Deb,

 

That does sound quite peculiar if these are historic transactions being entered. Can I please confirm the dates on the transactions which are being added? Also the taxation method you use Cash/Accrual?

 

 

 

 

Level 1

Re: i have already sumbit a VAT return for this quarter using a Excel sheet but i want to apply a... The accounting method is Accrual but the Vat accounting scheme if Cash. The transactions are dated april and may

 
Highlighted
QuickBooks Team

Re: i have already sumbit a VAT return for this quarter using a Excel sheet but i want to apply a...

Hello Deb8357,

 

There is no way to avoid these transactions posting into your open period, as you have submitted a VAT return in your account. Any transactions dated before this period will post as exceptions in the current period, as these should have been entered before you filed your last period - this makes sure you are accounting for any VAT you should have paid/been refunded in the last period. If you do not believe these are genuine exceptions, you can adjust the boxes by selecting Prepare return and selecting Adjust next to the correct box, however we would advise to speak to an accountant to check this with them first.

 

Let us know if you have any further questions.

 

Thanks,

 

Talia

View solution in original post