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Can anyone help us with the following:
We have upgraded our 2002 version through to 2006 version and then through to 2013.
Profit and loss, trial balance and balance sheet all match old system.
We are now at the stage of sorting our VAT 100 from the previous quarter.
VAT 100 shows an element called “VAT amounts not reported or paid”. This is a negative figure.
When we click on it we are presented with a “Resolve Your VAT” screen. The third stage is titled “Adjust Your Outstanding VAT”.
We would like to choose the option “make a lump sum dated 30 September 2018”.
There is a box for an amount and six options on the Adjustment Options box which are:
Amount is not VAT – Move to Income Account
Amount is not VAT – Move to Expense Account
Pay or claim now with VAT Form 652
Adjust VAT due on Sales (Box 1)
Adjust VAT reclaimed on Purchases (Box 4)
There are no errors in this period
We are stuck at this stage as we don't know where to assign the adjustment.
Can anyone help us on which Adjustment Option to choose?
This is posted in the US QuickBooks Community, but US QB does not have VAT.
I've Spoken to one of my colleagues in the Desktop Support Team, and we'd recommend contacting desktop support on the phone here to get this resolved: https://quickbooks.intuit.com/uk/contact/