If you have filed to end of year in older legacy system then this is either a payment to be made or a refund to be collected. This has to be entered as a bill or invoice. It can be journalled in as part of the opening balance entries.

The other […]

Resolution for 'balance journal issue: 'How do you set VAT tax in quickbooks? What account is best to be used in chart of accounts?' available: Yes.

The balance journal issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the balance journal issue yourself by looking for a resolution described in the article. If it is a complex balance journal issue or you are unable to solve the issue, you may contact us by clicking here or by using other balance journal support options.

For more information about resolving issues related to balance journal in Quickbooks/QBO or to get support for the issue 'How do you set VAT tax in quickbooks? What account is best to be used in chart of accounts?', click the link below: