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Newtorr
Level 2

VAT payment posted to wrong account.

Quickbooks Online.

Having just completed a vat return I've noticed that the system has posted the payment in the wrong account.

 

I've never had a problem with this before as I've only ever had one account. Having recently added the accept cards through paypal app, this has automatically added a paypal bank account to my chart of accounts.

 

Obviously this account was highlighted when I processed the vat payment without me realising.

 

I need to remove the vat payment from the paypal bank account and assign it to my current account.

 

I can see the option to delete that specific vat payment in the vat module, but I'm unsure if this will affect any other postings and cause me more complications down the line.

Any help or advice gratefully received!

 

Thanks all.

Solved
Best answer May 03, 2019

Accepted Solutions
TaliaI
QuickBooks Team

VAT payment posted to wrong account.

Hello Newtorr,

 

You can delete the payment by going to Taxes > Payments. Select the payment and click delete. Once you have done this, recreate the payment by going to the return, selecting the drop down arrow and clicking 'record payment'. Make sure on this page the bank account selected is correct and fill in the amount/date. This will not affect anything if you have not yet reconciled the payment.

 

Thanks,

 

Talia

View solution in original post

3 REPLIES 3
TaliaI
QuickBooks Team

VAT payment posted to wrong account.

Hello Newtorr,

 

You can delete the payment by going to Taxes > Payments. Select the payment and click delete. Once you have done this, recreate the payment by going to the return, selecting the drop down arrow and clicking 'record payment'. Make sure on this page the bank account selected is correct and fill in the amount/date. This will not affect anything if you have not yet reconciled the payment.

 

Thanks,

 

Talia

View solution in original post

Newtorr
Level 2

VAT payment posted to wrong account.

Thanks Talial, 

 

That worked perfectly.

TaliaI
QuickBooks Team

VAT payment posted to wrong account.


You're welcome! Please let us know if you have any further questions.

 

Thanks,

 

Talia