VAT on Journals
Can we have the old style journal entry back or do we have to use the new way
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cSEKXCEiyr346iacfA8pyY
06/15/10 7:02am PDT
Viewed by asker 06/15/10 8:23am PDT
Viewed by asker 06/15/10 8:23am PDT
3 Replies
Graceman
Questions asked: 86
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Questions answered: 15425
Points earned: 31823
AllStar UK
Advisory council of community power users within the UK.
Allstar
Advisory council of community power users.
Intuit Moderator
Mod/Co-mod
06/15/10 8:12am PDT
What is old and what is new to You?
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06/15/10 8:23am PDT
Old you could assign a VAT code to a line on the journal, new it seems you have to add a new line directly to the VAT control account to account for VAT on the line before, making a double entry.
Graceman
Questions asked: 86
Questions answered: 15425
Points earned: 31823
Questions answered: 15425
Points earned: 31823
AllStar UK
Advisory council of community power users within the UK.
Allstar
Advisory council of community power users.
Intuit Moderator
Mod/Co-mod
06/15/10 11:14am PDT
Latest post
Do not journal to Vat control this is not now done in QB 2008 & upwards. You need to use the adjust Vat routine.
If this post was helpful or answers your question, please either mark the answer as Helpful or Solved. This will then close your topic). Otherwise, let us know if you have more questions.
