Hi there,
I'm pretty new to running my own business and book keeping so apologies if this is a bit of a basic question.
I filed my end of Feb VAT return last week
Paid HMRC from my business bank account
I can see the amount decrease from VAT control, increase in VAT suspense and then VAT suspense is zeroed through the VAT payment
The problem I have is that my business bank account is showing a balance higher than is real which is equal to my VAT payment amount. I see a generated VAT adjustment on 28th Feb which is depositing the net VAT payment amount into my bank account. I'm not sure why this is happening and the system won't allow me to delete it.
Any help gratefully received.
