Dear QBO
im still new in qbo i need help in VAT account
First i start with all transaction ( sales and purchased ) 2019-2020
now i wan close every quarter i must close the amount between ( Vat sales & Vat Purchased ) in VAT Suspense right ???
because i dnt paid the vat i carry over the balance to next quarter so i need the balance stay in Vat Suspense account
my issue i dnt know how to close the the VAT sakes account and vat purchased account
and second thing when i use TAXES it show on quarter the status open i dnt know how to close or delete to back to pervious quarter
