Vat return wrong amount

KarolinaG · ‎April 08, 2019

Hello all

I seem to have an issue with vat return for july-sept quarter.

We had one amount, let's say 25k they we thought we were due and this is what vat report on QB say. Then HMRC got back to us and say hey guys it's wrong you only get 10k from us and refunded what they said they will. Now QB is showing 15k balance plus is down by this amount in vat suspense. How do I fix that ?

To add,when new vat quarter was done, QB asked to post a difference journal for that missing amount which went to vat control. Now we couldn't amend or delete so my boss posted a manual journal to clear. Should this have been done ?

Thanks

TaliaI · ‎April 08, 2019

Hello KarolineG,

Did you file that amount through QuickBooks, or manually do it through HMRC's site?

Thanks,

Talia

KarolinaG · ‎April 08, 2019

Hi

Used QuickBooks

thanks

TaliaI · ‎April 08, 2019

Hello,

After QuickBooks posted that difference journal, is that amount still showing in VAT Suspense as due?

In terms of the journal your boss created - we are not accountants and so could not advise if this is correct or not. If he cleared the balance using this, we would say this is more than likely correct, but can't say for definite.

Thanks,

Talia

KarolinaG · ‎April 08, 2019

Hi Talia.

The amount is still out in Vat suspense.

The jnl was posted by QuickBooks. When she went to start new vat return, QB prompted that there was an error and when she hit next etc that amount was posted as HMRC adjustment but this automatically went to VAT control. We are unable to delete this so She has posted a journal the other way around to remove the amount.

EmmaM · ‎April 08, 2019

Hello Karolina G

Would you be able to send us a screenshot of the journal that has been created via a Private message and also one of the Hmrc adjustment so we can have a look at this for you

Thanks

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Vat return wrong amount