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Everything you need to know about banking in QuickBooks Online - Discover more
realtimcornwell
Level 1

Can I enter previous VAT payments from a personal account? I have switched from QBSE to Quickbooks online so there is no straightforward way to do it.

 
1 REPLY 1
BettyJaneB
QuickBooks Team

Can I enter previous VAT payments from a personal account? I have switched from QBSE to Quickbooks online so there is no straightforward way to do it.

Hello, @realtimcornwell.

 

I can share some information about entering previous vat payments from a personal account in QuickBooks Online.

 

Yes, you can enter the previous VAT payments that you've made. The process won't transfer any amount to HMRC. This is entirely for QuickBooks recording purposes.

 

To record a vat payment:

  1. Go to Taxes and click on Record Payment for the specific VAT period you need.
  2. At the top, select the bank account you've used to pay HMRC.
  3. Make sure you've selected Payment under Payment Type.
  4. Enter the Payment date and amount.
  5. Add a memo if needed.
  6. Click Save.

To give you more information about recording VAT payments, you may refer to this article: How to record a VAT payment.

 

If you need further assistance with the process, I'd suggest reaching out to our Customer Care Team. They have advanced tools that can help you through the steps. 

 

Don't hesitate to reach back out to me if you have any other questions concerning VAT. I'm always here to help. Have a good one!

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