How do you show a repayment of VAT from the Collector General?

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How do you show a repayment of VAT from the Collector General?

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Peter Connor ⋅ Staff February 15, 2016
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You’ll need to user manual journal entries for that, we don’t have a workflow built for VAT repayments. You accountant can advise you on the process. Manual Journal Entries can be found in the top nav number Accountant & Reports. 
Hope that helps

#answer-2801
  1. capelectri February 15, 2016
    This does not work because a Debit would have to be created to match it with the Credit I have received. The VAT account shows a minus figure for that period, is there anyway to allocate there?
  2. Peter Connor February 15, 2016
    I'm afraid we can't advise on that, we're not accountants just a software house. Your accountant will tell you what to do.
  3. capelectri February 15, 2016
    ok I'll give him a call, thanks
  4. Peter Connor February 15, 2016
    Sure, sorry we're just not accountants and can't give advice around tax. It's best using them for anything to do with Manual Journal Entries.
    Thanks Pete

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