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July 28, 2019
Question

Vat adjustment has created a deposit in current account. How to fix?

  • July 28, 2019
  • 1 reply
  • 5 views
No text available

1 reply

Angelyn_T
Moderator
July 29, 2019

I'm here to help check your liability adjustment in QuickBooks Online (QBO), @stephen9.

 

It's possible that your VAT adjustment was not corrected correctly or was posted to your current account. In this case, you can open the adjustment and check the posting account and how it was recorded.

 

For further details about VAT liability adjustments in QBO, you can check this article: Adjust your VAT liability.

 

You can also check this article for your future reference about VAT codes and VAT rates: Set up and edit VAT settings, VAT codes and VAT rates.

 

Let me know if you have any other questions about VAT adjustment, I'll always be here to help. Have a great day ahead!