Getting VAT return to work properly

I have 2 questions

1. How do you set up the company bank account so that you can determine the balance of the companies assets/liabilities

2. Why can't I get the VAT return to work properly? It insists that there is far mor ein VAT liabilties than can be accounted fro in transactions recorded!

Posted by Neil Colquhoun on Aug 1, 2008 4:17 PM BST

Thank you for your call just now. I assume I have answered question 1 on the telephone.

As for VAT Liabilities, to see how the balance is calculated, go to the Accounts list and select the VAT Liability account. Then click menu Edit > Account Activity.

I hope this helps. Let me know if you need more information.

Posted by Mark McLaren (Solar Accounts) on Aug 1, 2008 4:49 PM BST