How can i record a vat refund paid into the bank in a cheque?
Thanks for reaching out.
When recording payments to or refunds from HMRC for VAT, these transactions are typically recorded against the VAT Suspense account if you have VAT turned on within your books.
If, as you say, you have not recorded this filing within your account for this refund, you could record this as a Supplier refund however I would suggest speaking with you accountant first to clarify if they would rather you create an opening balance for VAT within VAT suspense to record the refund against or suggest another method to keep your books correct.
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