Thank you for the screenshot you've provided here, Jadallah.
I'm here to ensure you that you'll be able to close the VAT sake account and vat purchased account in QuickBooks. Since you've mentioned that you will not pay the VAT, we can create a sales tax adjustment. First, You can set up an expense account if you need to increase your sales tax due. To decrease the amount, set up an income account. With this, I'd suggest consulting your accountant since this is a previous transaction.
Here's how:
- Click the Gear icon at the top, then choose Chart of Accounts.
- Tap New.
- Choose Income or Expense from the Account Type drop-down.
- Select the account’s Detail Type.
- Name your adjustment account.
- Press Save and Close.
Second, let's go to the Sales Tax tab to add an adjustment. I'll guide you how.
- Click the Taxes.
- Choose the Sales Tax tab.
- Locate the tax period you need to adjust and hit View return.
- Press Add an adjustment.
- Select the Reason for the adjustment.
- Choose the Account for adjusting sales tax.
- Enter the adjustment amount.
- Press Add.
For more detailed instructions about Sales tax adjustment, check out this article: Create or delete a tax adjustment.
I'm just a reply away should you have other questions while working with Sales tax adjustment. I'm always here to help. Stay safe!
