View source for How do I enter my VAT payment?

== Summary ==
This article explains how to post your VAT payment or refund.

== More Information ==
Go to {{Menu|{{NL}}|Journal Entries}}.
* At {{DataPrompt|Entry mode}}, choose {{DataValue|Cashbook}}.
* At {{DataPrompt|Money in/out}}, decide first whether you are paying money over to HMRC or you have received a refund.
** If you have paid HMRC, choose {{DataValue|Out}}.
** If you have had a refund from HMRC, choose {{DataValue|In}}.

* On the highlighted line, enter the Bank Account nominal code, e.g. {{DataValue|Z992}}.
* On the next line:
** Enter {{DataValue|Z999 - Vat Outstanding}} to post the other side of the entry.
** Enter the date you are making the Vat Payment.
** Enter the value of the transaction from Box 5 on your VAT 100 report.
** Enter a comment, e.g. {{DataValue|VAT Payment QTR 2}}.

{{Warning|text=The centres on the other lines will '''NEVER''' be the same nominal centre code as at the top of the screen! If they are, you will get a circular posting that does nothing.}}

== See also ==
* [[Posting cashbook entries]]
* [[The banking journal]]

{{KB_Tags|journal, journals, vat, v.a.t., end, quarter, qtr, cashbook, payment, pay, paying}}
{{How}}{{KB_NL}}{{ZN_Accounts}}{{ZN_Admin}}