We use Shopify as our selling platform, and Quickbooks online as our Accounting software. These two systems are not linked, and the sales on Shopify are not logged on QB. We have just registered for VAT and our accountant has advised we do a Journal Entry for the VAT we have collected on Sales on Shopify into QB. He has not explained how this should be recorded to ensure this full amount is recorded shown as VAT Collected on Sales (nor will he explain). Each month we will be inputting a Journal Entry to state the amount of VAT Collected, which will hopefully appear on the VAT Return at the end of the quarter.
Any assistance to ensure this is recorded correctly on our VAT Return would be greatly appreciated.
Many thanks.