New to GNU Cash: how do I enter a VAT Payment?

Maf. King maf at chilwell.net
Sat Dec 30 19:39:22 EST 2017


On Saturday, 30 December 2017 19:53:09 GMT gnucash at edev.co.uk wrote:
> Like many I suppose, I am not an accountant and new to GNU Cash.
> Could someone explain how should I enter a VAT Payment to HMRC (UK),
> please?
> 
> Thanks

Hi,

My VAT payment transactions (to HMRC) reduce the running totals of all 3 of  
the Bank Balance, the VAT Box 1 and the VAT Box 4 accounts.  Not at GC at the 
moment to copy a sample transaction.

HTH,
Maf.



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