Getting Started - Register Unpaid VAT

Question asked by Matthew Walker 8 years ago

Hi,

I've been trying to setup clearbooks, and I'm having trouble setting up so VAT shows correctly.

I have an outstanding invoice amount for £10,200.09 which I register against a Debtor, which in turn calculates £1,377.01 of owed VAT - that's fine. But the total unpaid amount of VAT from that period is £3,199.51, so I need to register an additional £1,822.50 which I can't figure out how to do? I thought to register against HMRC has a creditor, but that just paid off the VAT due.

I also want to register outstanding expenses owed to myself from my previous accounting year - how do I do this?

Thanks for any help.

Cheers

2 Replies

Hi Matthew

You can use journals to create VBAT position but unless you understand them it's probably not a wise choice. How is the additional £1822.50 made up? You'd be best just create the relevant invoices/bills so as to recreate the position correctly.

As for the expenses: head to Purchases > Expenses - add receipt/mileage and then approve them. Once they've been approved they will turn into a 'bill' payable to you. This guide should help https://www.clearbooks.co.uk/support/guides/expenses-2/expenses/

Apologies, should've said VAT position of course, not VBAT!

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