Hello,
In the transition to MTD made a VAT return and paid it. I hadn't realised that HMRC had also taken the same amount vis direct debit, so my VAT account with HMRC was in credit. I entered the accidental payment as a 'Cheque' payment, allocated to a 'Miscellaneous Expense' account.
I have filed my most recent return and because my HMRC account is in credit, they are reducing the amount they will collect using the direct debit. That's fine, but when I go to record the DD payment within QuickBooks I am not seeing an associated 'Credit' which I can use to offset the amount owed. It is only allowing me to record the full transaction amount. How can I tell QuickBooks to use this credit balance to help pay for my VAT bill? It doesn't seem to work as one would expect with a regular supplier.
Thanks,
Angus
