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• # 96998
• Tue 14 Jan 2014 10:21 AM

Hi

Please could someone help.

I have two new customers whose Vat opening balances I have entered into Quickbooks Pro 2014 via an opening balance journal supplied from their accountants. One is on Vat cash accounting and the other is on the flat rate Vat scheme. After entering the opening balance for both clients the amount is showing as an unassigned amount on the VAT 100 form. How do I get this to show in the right place on the Vat 100 form so I can file the return and pay it.

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• # 97006
• Tue 14 Jan 2014 01:44 PM

Hi Catherine,

On the line of the journal with the 'Vat liability account' have you filled in the columns to the right that are named 'Vat item & Class'.

Vat Item should read................the supplier name you have set up for HMRC Vat

Class should read..............Standard Sales (If the liability is payable) or Standard Purchases if its a refund.

This should put the amounts into the correct section on the Vat 100

• Kindest Regards
   
  Sharon - Group leader Cardiff
                ICB Regional Chair for Wales
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• # 97009
• Tue 14 Jan 2014 05:12 PM

Thankyou Sharon for your advice I hadn't entered the class.

It has worked fine for the client on cash accounting but I am still having problems with the one on the flat rate scheme. For this client it has entered the opening vat liability amount (£469) to box 6 (net sales) and is then calculating the box 1 and 5 figures at 8.5% (£39.87). Would you have any suggestions for putting this right please?

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