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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Invoice posting and recording as paid when the customer hasn't, what to do?
Post Info TOPIC: Invoice posting and recording as paid when the customer hasn't, what to do?
MonicaG


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Invoice posting and recording as paid when the customer hasn't, what to do?
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Hi everyone,

Sage 50

I am starting a new job and my first issue is that the employee before me has done something wrong and I will have to fix it.

She has posted an invoice from a customer and said paid on the account, in the last quarter, but the costumer only paid this quarter. 

What is there to do?

Thank you

Monica



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semsley


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Has the payment been reconciled either with the bank or for VAT ?

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E&OE
MonicaG


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Hi

I cant tell. How do I know? And what happens is it has?

Thank you,

Monica



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semsley


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If the payment has not been reconciled - find its transaction number - go to Corrections and delete it. If it has been reconciled it will mess up your bank account and VAT return.  You can tell whether or not it has been reconciled by running a Customer Activity Report for the customer.  The last two columns of the report are headed V and B (for VAT and Bank) if they have been reconciled there will be a R in the column if not there will be a N.



-- Edited by semsley on Thursday 15th of September 2011 01:55:02 PM



-- Edited by semsley on Friday 16th of September 2011 12:20:30 PM

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Susie Sue


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Hi Sheila,

Can you mark a transaction as being reconciled in corrections? I made a boo boo yesterday and altered something on a transaction that had been reconciled for VAT and it is including it again in the VAT return.

Thanks



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Sue
Assist Office Services - Bradford Bookkeeper
semsley


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Hi Sue

I'm surprised it would let you change something which had been reconciled for VAT. But in answer to your question - no you can't mark as reconciled in corrections.

Sheila

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Susie Sue


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Thought so! Thanks Sheila

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Sue
Assist Office Services - Bradford Bookkeeper
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