HI,
I am checking each of our spplier accounts and there is a payment on account that hasnt been allocated to the invoice which has been posted onto Sage. When i try to allocate i receive a message about there being a difference on the tax element. The payment on account has been posted at 20% tax but only part of the invoice is vat reclaimable. So we have claimed £15.00 too much. What is the best way to account for this being that the payment and invoice are for the last financial year.
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- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
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Vat error
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brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: Vat error
Refund the payment on account.
Re enter the payment and match it against the items.
Match both against each other on the bank rec.
Re enter the payment and match it against the items.
Match both against each other on the bank rec.
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