Difference between revisions of "How do I enter my VAT payment?"
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| − | *[[Posting | + | * [[Posting cashbook entries]] |
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{{KB_Tags|journal, journals, vat, v.a.t., end, quarter, qtr, cashbook, payment, pay, paying}} | {{KB_Tags|journal, journals, vat, v.a.t., end, quarter, qtr, cashbook, payment, pay, paying}} | ||
| − | {{KB_NL}}{{ZN_Accounts}}{{ZN_Admin}} | + | {{How}}{{KB_NL}}{{ZN_Accounts}}{{ZN_Admin}} |
Latest revision as of 05:33, 19 June 2019
Summary
This article explains how to post your VAT payment or refund.
More Information
Go to " Nominal Ledger Journal Entries".
- At "Entry mode", choose 'Cashbook'.
- At "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 'Out'.
- If you have had a refund from HMRC, choose 'In'.
- On the highlighted line, enter the Bank Account nominal code, e.g. 'Z992'.
- On the next line:
- Enter '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. 'VAT Payment QTR 2'.
 | 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
