After submitting a flat rate VAT return, the VAT due to HMRC is not shown in the reports for the VAT period. This is due to Quickbooks creating the journal for the liability on the submission date.
Today (14/05/19) I submitted a return for 01/02/19 to 30/04/19. The trial balance does not show the VAT due for the period unless I put the dates as 01/02/19 to 14/05/19 but then that would include transactions for 01/05/19 to 14/05/19. Is there a way to show the liability at the end of the VAT period?
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You can edit the date of the journal QuickBooks automatically posts once you file VAT, as long as the date you change this to is between the end date of the period and the filing date. You can do this by going to the VAT Suspense account, selecting the journal and changing the date.
Please let us know if you have any further questions.
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