How can I post an opening balance to VAT Payable?
Question asked by Gill Rees 6 years ago
The VAT Payable account does not appear in the account code options. This is VAT due and payable from the quarter prior to starting on Clearbooks
Hi Gill,
It would sound like you do not have show in sales and/or show in purchases set on the account code under Settings > Accounting > Account codes.
All the best,
Mohamed.
Best answerNo, there is no VAT Payable account available in the account codes. I tried to set one up and then it told me there was already an account with that name. It would also be logical that I could not set up the account since surely Clearbooks posts to this account automatically when the VAT Return is run?
Just to clarify I am using Dashboard Opening Balancs - Other Balances
I agree but when I try to find the VAT Payable account it does not appear in the list of account codes
Hi Gill,
You can do that via the use of a journal. That would be the best way to post this.
All the best,
Mohamed.
You must 