I use Sage 2015 v.21 and my operating system is Windows 7 Professional (64 bit).
I have posted two transactions with the wrong nominal code but these are now bank and VAT reconciled. This was last quarter. Is there a simple process of correction. The company uses use cash accounting.
Many thanks for any help.
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Correcting VAT/bank reconciled transactions
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brucedenney
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Re: Correcting VAT/bank reconciled transactions
Do a journal to move the income/expenditure from the wrong nominal(s) to the correct nominal(s).
Eg
A sales invoice for £100 + £20 VAT posted to 4000 should have been 4001
look at 4000 in nominal codes and you can see sales are Credits, so you need to Debit 4000 and Credit 4001 with £100
Eg
A sales invoice for £100 + £20 VAT posted to 4000 should have been 4001
look at 4000 in nominal codes and you can see sales are Credits, so you need to Debit 4000 and Credit 4001 with £100
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Re: Correcting VAT/bank reconciled transactions
Many thanks. I knew I must be completely over-thinking the problem!
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