Difference between revisions of "How do I enter my VAT payment?"
From Catalyst
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Revision as of 12:28, 4 November 2016
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This article or section is under review. Be aware: Content may change as the document is reviewed. |
Summary
This article explains how to post the Journal to reduce the amount of Vat you have outstanding when you pay the HMRC.
More Information
Go to " Nominal Ledger Journal Entries".
- At "Entry mode", choose 'Cashbook'.
- At "Money in/out", Set this to 'Out'.
- On the highlighted line, enter the Bank Account nominal centre,
 | Z992 |
- On the next line:
- Enter Vat Outstanding centre code to post the other side of the entry.
| Z999 |
- Enter the date your are making the Vat Payment.
- Enter the value of the transaction from Box 5 on your VAT 100 report.
- Enter a comment
| 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
