I am trying to submit my first Flat Rate VAT return. My client became registered 08/08/14 but started his company 31/05/14. QuickBooks is using all invoices for this return even though I have input the VAT start date in the Company preferences.
I am not sure how to adjust the return to make it correct so that all future returns will be ok.
hi Lisa
I dont use QB but in sage any pre reg VAT I would put in at T9 (I this the equiv in QB is exempt or non vatable) so that once you register it doesnt pick up on the first return you do. Returns in sage will always give warning if there are items from prior periods not included in the VAT return, so if QB does the same I think that might be why. So you may need to re-code them. Either that or choose not to pick up any such entries in the vat return, but that means you would have to do that every time you complete a vat return, which could in turn mean you miss out on vat reclaims unless you are ultra careful of the dates you key things and not include date anything in prior VAT periods.
QB experts out there might tell me Im barking up the wrong tree of course - is just a thought!
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
probably worth seeing if any of the QBs guys come on later. Or have you trued a search on the site - I cant at the mo as it doesnt seem to be working for me Sorry I cant help
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
