How can I update Box 4 – VAT reclaimed on purchases manually on QuickBooks Online?

You can manually update Box 4 (VAT reclaimed on purchases) by using the Adjust feature while preparing your VAT return in QuickBooks Online.

Here's how:

1. On the VAT page, find your return period and select Prepare return.
2. Next to Box 4, which displays the VAT reclaim on purchases for the period, click Adjust.
3. Fill in the Adjustment date, Tax rate, Adjustment account (e.g., Purchases), and Adjustment amount, with an optional memo.
4. Once you've filled in the necessary information, click Save.

For more information on managing your VAT, you can refer to the article titled Set up and manage VAT in QuickBooks.

Let us know if you have any additional questions by leaving a comment below.