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Post Info TOPIC: Is it possible to re-allocate a payment on account in sage?
shaz77


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Is it possible to re-allocate a payment on account in sage?
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Hi,

I have discovered a payment on account that has been allocated to the wrong invoices, is it possible to re-allocate this payment (sage line 50)



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Robert Pearce


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I'm not sure that you can.  You could try deleting the payment on account and then re-posting it and allocating it correctly. 



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shaz77


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Hi Robert,

Thanks, would this have a knock on effect for VAT as the payment is for a previous month.

regards

Shaz



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Robert Pearce


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If you're cash accounting for VAT purposes and the payment on account has been VAT reconciled, then Sage may well not let you delete it anyway.  I can only suggest that you take a back-up and then have a play around.

Is it possible to allocate funds so that the cumulative position is correct?  In other words, if you've paid/received the money that relates to the invoices which have been incorrectly allocated, can you allocate these funds to the invoices against which the payment on account should have been allocated?

 

 



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
Robert Pearce


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Posts: 266
Date:
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[Deleted duplicate post]



-- Edited by Robert Pearce on Friday 11th of November 2011 04:49:07 PM

__________________

Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
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