Hi
I am new to Quickfile and about to receave a payment back from HMRC for VAT. How do I enter in incoming tax payment?
Hi @Chris_Dabbs
Welcome to QuickFile! 
Generally this would be entered into your bank statement and tagged as a refund. However, how have you started with QuickFile? For example, have you imported a trial balance from another accounting package?
New company, new account so you reply is perfect. Thank you
Hi @Chris_Dabbs
No problem!
Just to confirm, assuming you’re reclaiming VAT, you should have a VAT return on your account to balance the figure out, otherwise your balance sheet will show this as a liability. This can be done by adding a VAT return on your account, or it could have been done as a result of a trial balance (hence why I asked above).
Let me know if we can help further