Accounting Ideas

Marking VAT as paid when it has been paid via several payments

We pay our VAT in advance over three or more payments. I have to reconcile the bank before I run the VAT return so some of those payments have already been reconciled and cannot be marked against the VAT return. As a result the VAT return is never marked as PAID. Very frustrating and it looks untidy.

  • Guest
  • Oct 4 2022
  • One For The Future
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