How to correct Record a VAT Payment

agams · ‎December 08, 2021

Hello,

When we recorded the VAT payment in the last period, the wrong bank account was used. This has now caused a bank rec issue.

Can the Record a VAT Payment be corrected? Are we able to delete and re-record this?

Thanks and Regards

Chariot4info · ‎December 08, 2021

Yes you can delete incorrect VAT payments.

Navigate to the VAT section under Taxes.
You should see a title next to returns called Payments. click on Payments to view.
on the selected payment, under Actions click the dropdown and select delete.
You can then return the the returns section and record the payment correctly.

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paul72 · ‎December 10, 2021

VAT Payments are an anomaly (it may also happen for PAYE/NIC Liability Payments but I don't use QB for payroll so am not sure).

Any standard payment (bill payment or expense) can simply be edited if there's an error but VAT Payment must be deleted & re-entered.

If I remember correctly, it doesn't help that the VAT Payment screen doesn't recall the previously used account but defaults the first account alphabetically.

agams · ‎December 10, 2021

Thanks. This has worked