I have run the Vat report for the 12 month period and then deducted my previous 3 returns so that i can pick up late entries. When I run the Vat period for 3 months ending June I have a negative balance, so it come up as money received, the actual fig should be money paid out over the 12 months, do I enter it as a - (minus) ?

Hi Tom,

Do you mean that Solar Account is presenting a Money Received window after you have completed the 'Prepare VAT Return' procedure? If so then yes, enter the amount as a negative figure - the transaction will then be saved as 'Money Paid Out'.

Cheers

That is correct, just wanted to check that if it was entered as a negative in a money received window that it would record as money paid out.