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Claimed VAT on an Invoice By mistake - Desperate need urgent answer
Posted: 02 Aug 2016, 13:47
by The Secretary
Hello
Just noticed that I claimed VAT on an invoice dated 28/10/2015, when it should have been T9, how do I correct please
Many thanks
Re: Claimed VAT on an Invoice By mistake
Posted: 02 Aug 2016, 16:48
by brucedenney
Reverse it on the same incorrect vat code and then correctly repost it.
Sage will un reclaim the vat on the next vat return.
Re: Claimed VAT on an Invoice By mistake
Posted: 03 Aug 2016, 08:55
by The Secretary
Many thanks as always
Just to recap the reverse journal
4003 T1 Cr 701.11
4003 T9 Dr 701.11
and sage will unclaim the vat on the next return ?
Re: Claimed VAT on an Invoice By mistake
Posted: 09 Nov 2016, 15:31
by The Secretary
Still struggling with, this can someone please explain step by step, was my journal entry correct
Many thanks
Re: Claimed VAT on an Invoice By mistake - Desperate need urgent answer
Posted: 15 Nov 2016, 16:49
by brucedenney
You entered the invoice as a journal? I doubt it.
I am pretty sure you would have entered it as an Invoice, you can enter a credit note to reverse it and an invoice to put it back correctly.