VAT refund

LeonidasLeonidas Member Posts: 2

Hello!
Sorry, for this question. I am new here.
I received a VAT refund in March. How can I treat it? Or, generally, how do we handle VAT and Tax payments or refunds. I tried the Transactions menu for the VAT refund. Under description I wrote VAT REFUND, I entered the amount, selected deposit, but what next? I could not fund the correspondent account of the chart of accounts and I confused with the categorisation as it was handled as expense (although I received money - vat refund. The tax refund deposited to my bank account.
Please, can you help?
Any advice would be much appreciated.
Thank you
Leonidas

edited April 4, 2020 in Using Wave

Comments

  • BarsinBarsin Administrator Posts: 1,783 admin

    Hey there @Leonidas

    Are you able to categorize this a refund instead of an income or deposit?

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