Cant Select VAT Control

IFML · ‎December 08, 2022

Hi,

I have paid my quarterly VAT payment online and when I have to select the head of this transaction in QuickBooks it is not allowing me to select under Expense>VAT Control so my VAT Control (Current Liabilities) should be decreased in Balance Sheet.

So if I cant put this payment under VAT Control where should I put this payment then?

GeorgiaC · ‎December 08, 2022

Hi IFML, thanks for joining the Community :)

VAT payments should be created on the Taxes screen by selecting the option to 'record payment' beside the filed return - this will create and entry that posts to the selected payment account, and will also automatically transfer the amount from the VAT control to the VAT suspense account.

View solution in original post

GeorgiaC · ‎December 08, 2022

Hi IFML, thanks for joining the Community :)

VAT payments should be created on the Taxes screen by selecting the option to 'record payment' beside the filed return - this will create and entry that posts to the selected payment account, and will also automatically transfer the amount from the VAT control to the VAT suspense account.

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