we run Sage 50 and have just created an invoice but forgot to charge VAT (most our invoices are for overseas), as it is a UK invoice. Is there a way of creating an invoice just for the VAT?
yep -agree totally. To make neater for records I would duplicate to credit and then duplicate the raise a new - ensuring have changed the tax code. Other option would be create a service invoice going to sales vat.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
if you have not sent the invoice out yet you can go into maintenance in sage and add the vat there and the invoice when printed again will include the vat. If you have already sent the invoice out and dont want to confuse the client you can raise another invoice with just vat on it and use the same invoice no as the first.
Just checked in Sage 50 Accounts help file and experimented. If an invoice hasn't yet been posted to the accounts, you can amend it from the invoice list. If it has been posted, you can correct it via Maintenance* unless it has been VAT reconciled, when you have to reverse it and start again or issue separate VAT invoice...etc
* whle doing Corrections to invoices, if anything is changed (eg tax code) that will alter the tax amount or invoice net amount, this doesn't happen automatically, you have to overtype these yourself. Easy to miss!
-- Edited by PhilMcTankup on Tuesday 28th of September 2010 09:23:20 PM
dont think the last reply would work to well as the customer wouldn't have received a VAT invoice and therefore reclaim the VAT. Also, if the VAT inspector came he would possibly want to see a correct value invoice.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
Good point, not mentioned in Sage help, hopefully would realise that in a real case. Seems a bit daft allowing such a change to be made without a warning.
