I have recently had to restart my accounts with quickbooks and have previously filed VAT returns on my old quickbook account.
I have filed one VAT period on my new quickbook account, now I am trying to do my accounts for the last financial year (6/4/19 - 5/4/20) but my VAT now has £1000's of exceptions ( these are all payments made prior to the current VAT quarter and have been accounted for on previous VAT returns (which unfortunately are not on my new quickbooks account). How do I get rid of these without messing everything up?
Hello EEF, There are a few options., your accountant could journal out the exceptions using the journal entry feature or you could call our care team on 08082345337 to request they escalate this to do the same thing, We'd need what the figures in each box should be(if it is on the flat rate scheme we would not be able to do this). There is the option to adjust however the amount of exceptions involved It would be advisable to get the exceptions removed by your accountant or by calling in.