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I can help you get this sorted out, textilearraylimi.
In QuickBooks Online, we don't advise to create a JE affecting the VAT control and VAT suspense as it will mess up the VAT return. What you can do is to mark the VAT return correctly with the right amounts and Record VAT Payment if it's paid.
Mark your VAT:
Recording a JE to any VAT accounts will only affect the current VAT return and it has nothing to do with the previous periods. Also, I would suggest consulting with your accountant to ensure your books are accurate.
Check out these VAT-related articles for additional guide and reference:
That's it! Let me know if you have any additional questions concerning VAT. I'll be right here to keep helping.
I can help you get this sorted out, textilearraylimi.
In QuickBooks Online, we don't advise to create a JE affecting the VAT control and VAT suspense as it will mess up the VAT return. What you can do is to mark the VAT return correctly with the right amounts and Record VAT Payment if it's paid.
Mark your VAT:
Recording a JE to any VAT accounts will only affect the current VAT return and it has nothing to do with the previous periods. Also, I would suggest consulting with your accountant to ensure your books are accurate.
Check out these VAT-related articles for additional guide and reference:
That's it! Let me know if you have any additional questions concerning VAT. I'll be right here to keep helping.
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