How do I register a VAT refund?
How do I register a VAT refund?
How do I register a VAT refund?
Hi Kieran
VAT refunds are reflected via journal entry. If you go to My Company > Manual Journal Entries > New Journal Entry.
Reason “VAT refund” > Account: Bank Account > Debit say €1,000
Go to the next line : Account: VAT > Credit €1000
Review > Save
I hope this makes sense.
Regards
Brendan
Is this to do with exports?
Cheers
Pete