I took over a business in Dec just as the vat filing period was over,the previous owner didnt pay vat for the period he ran the business and we paid the vat how to book

Answer

Hello there, gdkjumeirah,

You need to prepare the VAT return for the specific period first, then mark it as filed. Once the specific period shows under the filed return section, you can record the VAT payment made. Let me guide you how.

  1. Go to the Taxes menu.
  2. Select the Returns tab.
  3. Locate the return you need to file, then select the Prepare return hyperlink.
  4. Click the Mark as filed button, then hit Continue on the All done? pop-up window.
  5. Under Filed returns, locate the filed payment, then select Record payment.
  6. Enter the Payment amount, then hit Save.

Once completed, the VAT payment will now be recorded to your books.

I've attached screenshots below for your reference. You can also check out this article for the detailed steps: File and Pay Tax/GST.

That should get you to the right track. Please let me know if you have other concerns about recording VAT payment in QuickBooks. I'll be glad to help.

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IntuitRea , Community Support Specialist
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