You can delete entries from the VAT suspense account directly through your Chart of accounts. Please keep in mind that deleting entries tied to a filed VAT return can alter your historical financial statements and cause errors in your next tax filing.
Here's how:
Go to All apps and select Accounting, then choose the Chart of accounts.
Use the search bar to find the VAT suspense account and select Account history.
Locate the specific transaction and click to expand the details.
Select Edit to open the full entry screen.
Click More at the bottom of the screen, then choose Delete.
Select Yes to confirm.
Before making changes, consult your accountant and review your Tax Liability Report to verify the exact amount you owe the tax agency.
Let us know if you need any further assistance. We’re here to help.
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