Good morning
Let me try again for the last time and before I think about buying a properly grown-up accounting package that is suitable for the UK.
I do my VAT return.
QuickBooks does the automatic posting of that return to her Majesty's Revenue and Customs and updates the data file accordingly so that the transactions reported do not appear as an outstanding issue in the next quarter's return.
That VAT return ends up resulting in a refund to us rather than a payment from us, as in a particular quarter our VAT on purchases exceed our VAT on our customer invoices.
How do I post that income or how is it supposed to be accounted for in the version of QuickBooks that I own?
