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Level 1

I'm finding payroll transactions show up when matching in Banking module as "VAT repost". Can't find how to correct this as it's clearly nothing to do with VAT.

 
Solved
Best answer April 17, 2019

Accepted Solutions
Moderator

I'm finding payroll transactions show up when matching in Banking module as "VAT repost". Can't find how to correct this as it's clearly nothing to do with VAT.

Thanks for getting back to us, @markdfield

 

Allow me to share some insights about the "(194) VAT repost" in your Banking module. 

 

QuickBooks is designed to generate a sequence of journal numbers when you first create a journal entry

 

It's possible you previously entered payroll entries with journal numbers. This maybe the reason the program is setting the journal number to a "(194) VAT repost" when matching transactions in the Banking module.

 

To help fix this, you'll need to edit the account and remove the journal number. This way, the transactions associated with the account will be updated. Here's how: 

 

  1. Go to the Gear icon at the upper right. 
  2. Select Chart of Accounts
  3. Locate the appropriate account for the transaction.
  4. On the Account History drop-down from the Action column, choose Edit
  5. Remove the info on the Number field and make any necessary changes.
  6. Click Save and Close

 

Once done, you can match again as "VAT repost" in your Banking page. 

 

The steps above will help achieve your goal, @markdfield

 

I'm here anytime you have other concerns. Have a good day. 

View solution in original post

3 REPLIES 3
QuickBooks Team

I'm finding payroll transactions show up when matching in Banking module as "VAT repost". Can't find how to correct this as it's clearly nothing to do with VAT.

Hi markdfield

 

What do the payroll transactions relate to, net wages?

Level 1

I'm finding payroll transactions show up when matching in Banking module as "VAT repost". Can't find how to correct this as it's clearly nothing to do with VAT.

Yes, it posts a journal with the handful of payroll entries (net wages, tax due etc) but it sets the journal number to  "(194) VAT repost", so then when I'm matching the net pay on the bank statement it shows that journal name which looks completely misleading.

Moderator

I'm finding payroll transactions show up when matching in Banking module as "VAT repost". Can't find how to correct this as it's clearly nothing to do with VAT.

Thanks for getting back to us, @markdfield

 

Allow me to share some insights about the "(194) VAT repost" in your Banking module. 

 

QuickBooks is designed to generate a sequence of journal numbers when you first create a journal entry

 

It's possible you previously entered payroll entries with journal numbers. This maybe the reason the program is setting the journal number to a "(194) VAT repost" when matching transactions in the Banking module.

 

To help fix this, you'll need to edit the account and remove the journal number. This way, the transactions associated with the account will be updated. Here's how: 

 

  1. Go to the Gear icon at the upper right. 
  2. Select Chart of Accounts
  3. Locate the appropriate account for the transaction.
  4. On the Account History drop-down from the Action column, choose Edit
  5. Remove the info on the Number field and make any necessary changes.
  6. Click Save and Close

 

Once done, you can match again as "VAT repost" in your Banking page. 

 

The steps above will help achieve your goal, @markdfield

 

I'm here anytime you have other concerns. Have a good day. 

View solution in original post