Hi recently did our VAT return and had to do it fairly early and in a bit of a rush as we were going on a long holiday, however on return I ran a bank reconciliation and realised I posted an invoice as a payment so cant delete it as it has been VAT reconciled thankfully it is the only mistake i had but drawing a blank as to how to rectify it without causing problems to VAT and to the supplier as payments wont match up eventually?
Any help would be great
thanks
Replies (3)
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It doesn't matter which software
Always post the opposite of the error, never delete. So post the receipt to cancel the payment, and post the invoice as before. It will be captured in the next VAT return
It does matter which software
Some software allows you to correct errors without posting receipts and re posting invoices