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Post Info TOPIC: Supplier issues purchase credit still showing in vat report
lubish


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Supplier issues purchase credit still showing in vat report
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Hello,

Issued a purchase credit to supplier, while running the vat report the tax amount is still being included in column 4 (VAT reclaimed in this period on purchases).


Regards,


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kjmcculloch


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You might find that the credit note will appear in the column with the inputs therefore balancing it out. Is that the case?

Kris

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RobH


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Do you mean the supplier issued you with a credit note and you have posted that. I'm a bit unsure about what you mean by you have issued the supplier with a credit note.

Rob

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lubish


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It does not appear in the window with inputs

We have issued our supplier a purchase credit cause we returned some goods we didn't require

Initially we entered the supplier invoice

Issued a credit against the invoice

balanced the both

using bank supplier

now in vat report the vat is included in reclaim column although we have returned the goods and issued credit.

Regards




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RobH


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when you posted the credit note did you use the same date? have you used T1?

Rob

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lubish


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Yes , used t1 to post purchase credit posting date is 22/09/2010

issued against three purchase invoices issued on

09/06/2010
28/06/2010
13/07/2010

Regards,


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lubish


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yes, posted using t1

purchase credit issued on 22/07/2010

purchase invoices for the following dates

09/06/2010
28/06/2010
13/07/2010

Regards,

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lubish


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posted purchase credit using code t1

purchase credit created on 22/07/2010

for the supplier invoices on the following dates

09/06/2010
28/06/2010
13/07/2010


Regards,


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Wella


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Just a thought

If you are using cash basis, have you allocated the credit note against the invoices. I dont think Sage will report the credit note until it has been used.

Bill

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lubish


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credit note has been allocated against the purchase invoices

using the following procedute

bank

suppliers

allocating purchase credit to purchase invoice and ussing allocation as reference

The supplier account is showing all clear but the vat is included in the vat analysis

Regards


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RobH


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Bit of a mystery, I can't think where the problem lies, sorry.

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lubish


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used T1 (standard) tax code and created new purchase credit.

the amount shown is fine now

in the final analysis tax is being deducted



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RobH


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Just makes you wonder what happened to the original...does it show in Financials? Will the original need deleting?

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Rob
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lubish


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yes deleted although could have edited using file maintenance

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olga


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hi there,
i need i little help;
in which of the following i can find input tax:
-purchases
-suppliers cn
-sales cn
-imports
exports
thank you regards olga

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gbm


Guru

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Olga,

Perhaps you should have started this as a new question rather than continuing an old one?

You can find input VAT in purchases, suppliers and possibly imports.

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Regards,
Nick

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olga


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thank you

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