Reconciling VAT entry
Question asked by Natalie Collinson 9 years ago
I completed my VAT return in Clearbooks, confirmed the VAT return, which in turn, created a Bill.
Now HMRC have processed this and the direct debit has gone out of our bank account, we have a debit entry to 'explain' and match to the Bill.
Which account would I assign this against - is it VAT Payable, VAT Cash Control or some other?
Thanks.