VAT
Angela93
Member Posts: 1
Hi i would like to be assisted how do i record my VAt payments to the government because its sowing like i still owe the government
0
Angela93
Member Posts: 1
Hi i would like to be assisted how do i record my VAt payments to the government because its sowing like i still owe the government
Comments
Hey @Angela93! In this particular situation, I do feel as though this help centre article should put you in the right direction when resolving these (you essentially need to create a journal transaction to properly account for this: https://support.waveapps.com/hc/en-us/articles/208623466-How-to-handle-sales-tax-returns-and-refunds-from-your-government
If you are still having difficulty to properly categorize these transactions after viewing that article, please let me know and I would be happy to further assist!