Hi, I'm New to Quickbooks and already submitted and paid 2 VAT returns before start using Quickbooks. I need to know how can I record already paid VAT in Quickbooks and remove already paid VAT amounts from VAT payable account as I have recorded all the sales transa...
You can create an Expense transaction to record the payment you've made to HMRC for the VAT Return filed outside of QuickBooks. I can walk you through how to do it. First, let's make sure to create an Expense account and use it in tracking the VAT payments. ...
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Let’s say that you teach art classes and workshops in a physical storefront. That means, you’re completely dependent on local customers. To generate extra revenue, you could sell online courses about painting, some geared towards kids and others towards adults. You might include quizzes on...
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