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jgm-heating-gmai
Level 1

What is VAT Control v VAT Suspense?

 
Solved
Best answer July 08, 2020

Accepted Solutions
Ashleigh1
QuickBooks Team

What is VAT Control v VAT Suspense?

Hello jgm-heating-gmai

 

Welcome to the Community page, 

 

So the difference between the two accounts VAT control and VAT suspense is, 

 

So the VAT control account is where all the VAT amounts go to before they are filed.

 

The VAT suspense account is where the filed VAT amount is that is due to be paid, or refunded. 

 

 

View solution in original post

1 REPLY 1
Ashleigh1
QuickBooks Team

What is VAT Control v VAT Suspense?

Hello jgm-heating-gmai

 

Welcome to the Community page, 

 

So the difference between the two accounts VAT control and VAT suspense is, 

 

So the VAT control account is where all the VAT amounts go to before they are filed.

 

The VAT suspense account is where the filed VAT amount is that is due to be paid, or refunded. 

 

 

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