VAT FLat Rate Income Adjustment?!!

Hi Everyone, hope you are all ready for Christmas!
I have a client who has done their own accounts on Quickbooks she has given me the P&L asccount and BS and wants me to produce paper accounts for submission to Companies House, she left if to the last minute before getting me and Companies house they will give her another 28 days to get them submitted!!
She has tried to do them herself and the bs she has produced doesn't resemble the P&L & BS she has provided and the reason is she has left out a VAT RATE INCOME ADJUSTMENT of £-5767.61 from the current Asset section and VAT FLAT RATE ADJUSTMENT of £-4286.44 from the Current Liabilities section. Shouldn't the VAT RATE ADjustment have already been allocated against the Sales Control Account and Purchase control account and not be shown in the balance sheet? or have i haddled my brain completely with too many mince pies and xmas parties!!?
If they should be shown on the balance sheet do i show them as this on the balance sheet for submission to Companies House and HMRC.
My client has already paid the corporation tax figure that she has calculated over to HMRC but not submitted a return or Accounts to Companies House.
Sorry is i am being dumb never had a flat rate client on Qbooks and not sure how it is handled!
Wishing everyone a very Merry Christmas and a Happy, Healthy and Prosperous New Year
Thanks
I have a client who has done their own accounts on Quickbooks she has given me the P&L asccount and BS and wants me to produce paper accounts for submission to Companies House, she left if to the last minute before getting me and Companies house they will give her another 28 days to get them submitted!!
She has tried to do them herself and the bs she has produced doesn't resemble the P&L & BS she has provided and the reason is she has left out a VAT RATE INCOME ADJUSTMENT of £-5767.61 from the current Asset section and VAT FLAT RATE ADJUSTMENT of £-4286.44 from the Current Liabilities section. Shouldn't the VAT RATE ADjustment have already been allocated against the Sales Control Account and Purchase control account and not be shown in the balance sheet? or have i haddled my brain completely with too many mince pies and xmas parties!!?

If they should be shown on the balance sheet do i show them as this on the balance sheet for submission to Companies House and HMRC.
My client has already paid the corporation tax figure that she has calculated over to HMRC but not submitted a return or Accounts to Companies House.
Sorry is i am being dumb never had a flat rate client on Qbooks and not sure how it is handled!
Wishing everyone a very Merry Christmas and a Happy, Healthy and Prosperous New Year
Thanks
Comments
However, the difference between the VAT due to HMRC and the VAT paid over on flat rate should be credited to the P&L as additional income, which is taxable.
Any VAT due at the end of the year will be a creditor on the balance sheet.
If you can journal it to do that, then that's fine.
Does that help?
"She said it would be a simple case of writing up her finished accounts into a format acceptable for companies house and helping her complete the online HMRC submission! " I've heard that one before. I only fell for it the first time
If a prospective client says it's simple, take with a large pinch of salt. Sometimes they are right. With a limited company, odds are they are wrong.
I'm a little confused too now (too many pringles?!). Which balance sheet entries are you needing help with?
all you should have re VAT are a CR of VAT due, reduced by a DR (money saved via flat rate) with the opposite entry being a CR to the P&L.
In QB I run a dummy account to balance out flat rate VAT entries (I'm using a really old version which is why I can't offer specific advice). EG QB runs a VAT return and says VAT due £5000. I calculate flat rate as £4000.
QB wants to reconcile the £5k and show it as paid, so I do that, and show it as paid from the dummy account. Then I clear the dummy account with £4k to the real bank and £1k to flat rate profit.
Can't help on the balance sheet queries I'm afraid, my head is addled and I can't work it out - good luck!
And thanks, have a lovely xmas and new year :-)
Thanks again for your help, have a lovely Christmas and new year