Hi there, I have a question about payment of VAT please. Is there a way where I can register a part-payment of vat if I have made an arrangement with the tax office to pay instalments to clear a VAT debt? At the moment, all I can seem to do is pay a lump sum of the total due. Thanks

Hi there, I have a question about payment of VAT please. Is there a way where I can register a part-payment of vat if I have made an arrangement with the tax office to pay instalments to clear a VAT debt? At the moment, all I can seem to do is pay a lump sum of the total due. Thanks

1 answer

Peter Connor Staff November 14, 2015
Public

Hi, 
I’ll have to get back to you on this. You can do anything outside of our accounting workflows by using our journal entry system. 
If you’re not familiar with it your best getting an accountant to do it, but just let me find out if there is a way to do within the workflows. 
Pete

#answer-2212
  1. Hi Peter,
    Thanks for your reply. Yes I am familiar with the manual journal entry - I was going to go that route but then I have this reminder left on my dashboard saying I still have a 2-monthly vat payment outstanding. I have uploaded the return to Revenue but, the only way I can see to move it off the dashboard is to 'Mark it Paid' and if I do that, it will post a payment to my VAT & Bank accounts and if I already have manual journals done to post interim payments, I will have duplications. I'm just trying to see if there's a way of posting the interim payments without ending up with duplication.
    Hope that makes sense.
    Kind regards,
    Anne-Marie
  2. Peter Connor November 14, 2015
    Sure. Johnny will have a look and come back to you.
    I'll keep and eye on the call.
  3. Peter Connor November 14, 2015
    Hi Anne-Marie,
    You can mark the entire VAT period as paid (to remove it from the todo list), and then record a manual journal entry which increases the VAT liability by the amount that is still outstanding.
    John.
  4. Hi John,
    Thanks for this - I'll have to do this work-around for now just to keep all my records straight.
    Kind regards,
    Anne-Marie

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