Another question! - Changes after VAT reconciled

[Emilyj]

Hi again, another question from me!

Regarding changes to a supplier invoice after a VAT reconciliation. Here are the transactons;

* Supplier invoice posted dated 6/8/07 with no VAT as the company hadn't supplied a VAT number.

* VAT reconciled

* Using file maintenance amended original invoice to add the VAT

* Realised mistake and changed the amendment to show VAT only.

* Also posted a supplier payment but this seems to have disappeared!

Now only the VAT amount is showing as outstanding and the original invoice seems to be cancelled.

I am quite worried about this due to the VAT, bit scared I have made a huge mistake

Can anyone please help?

Thanks
Emily

[brucedenney]

Why amend to show vat only!

Without knowing exactly l what has been done it is hard to answer.

Here is what you should have done, entered a credit note against the supplier to reverse out the original invoice, entered the invoice correctly.

I would not worry too much about the VAT turnover, the thing you must get right is the VAT claimed. There was no VAT on the original transaction so it didn't really matter.

Now you have a transaction with JUST vat on it. which is marked as vat reconciled or not? confused, I am.

Without precise information I would be inclined to delete the transaction and enter it correctly, yes this will mis-report the VAT turnover, but that is a minor issue.

[Emilyj]

Hello

Thanks for the reply. I haven't been able to come online for a couple of days hence the late reply.

I don't know what happened to me that day! Managed to restore a backup from Monday so just went in a did everything properly.

Thank god for regular backups!