VAT is showing as a liabilty – Free Online Small Business Accounting Software Questions & Answers
Happy new year lads,
I am updating my accounts in Bullethq and I am running a balance sheet as at 30th June 2015. One of the lines in my liabilities is VAT which appears to be showing all the Vatable transactions upto 30th June 2015. Is that correct – all VAT returns upto that date are marked as paid.