If I upload client’s accounting data for the first time onto QBO and then enter the vat payment against the vat bill for each payment, is that ok?

I have a new client client, they're VAT registered and pay quarterly. I'm moving all of their accounts from spreadsheet to QBO.
So if I enter all their data in and then enter the vat payment against the vat bill for each payment is that ok?

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Emmanuel Stone Wednesday, September 12th, 2018

Yes, that’s how you do it.
Any differences you may have can be fixed when you do the next VAT return.
Just make sure to keep all the records in case of an inspection.

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Orlando Justice Wednesday, September 12th, 2018

Great, thanks 🙂 I was not sure about the VAT.
It is really so much easier to record everything this way. Now they’ll be able to see income and expenses.