fbpx

Posting a Journal with VAT on Xero

This post may contain affiliate links. This means I might receive a small commission, at no additional cost to you, if you click and decide to make a purchase. Thank you for supporting my blog.

To post a journal on Xero with includes VAT that needs to be picked up on the VAT return:

  1. Go to Manual Journal
  2. Select amounts are tax inclusive
  3. Post your journal choosing the required tax rates and Xero will work out the VAT and post that to the VAT control account.

Alternatively, select amount as tax exclusive so that you can enter the VAT amounts manually.


Warning: Use of undefined constant ID - assumed 'ID' (this will throw an Error in a future version of PHP) in /home/allabo94/public_html/goselfemployed.co/wp-content/plugins/gp-premium/elements/class-hooks.php(180) : eval()'d code on line 10
Anita
About Anita

Anita is a Chartered Accountant with over a decade of experience taking self employed business owners from financially confused to business savvy. She is the creator of the ‘Go Self Employed’ website, which her corner on the internet where she makes self employment less terrifying.