Difference between revisions of "How do I enter my VAT payment?"
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m (Les Ward moved page How do I Enter my V.A.T. Payment? to How do I Enter my VAT Payment? without leaving a redirect) |
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** If you have had a refund from HMRC, choose {{DataValue|In}}. | ** If you have had a refund from HMRC, choose {{DataValue|In}}. | ||
− | * On the highlighted line, enter the Bank Account nominal code, {{ | + | * On the highlighted line, enter the Bank Account nominal code, e.g. {{DataValue|Z992}}. |
* On the next line: | * On the next line: | ||
** Enter {{DataValue|Z999 - Vat Outstanding}} to post the other side of the entry. | ** Enter {{DataValue|Z999 - Vat Outstanding}} to post the other side of the entry. | ||
** Enter the date you are making the Vat Payment. | ** Enter the date you are making the Vat Payment. | ||
** Enter the value of the transaction from Box 5 on your VAT 100 report. | ** Enter the value of the transaction from Box 5 on your VAT 100 report. | ||
− | ** Enter a comment, {{ | + | ** Enter a comment, e.g. {{DataValue|VAT Payment QTR 2}}. |
{{Warning|text=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.}} | {{Warning|text=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.}} |
Revision as of 17:00, 17 November 2016
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