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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> How to rectify/correct in sage.
Post Info TOPIC: How to rectify/correct in sage.
PW1980


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How to rectify/correct in sage.
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Hello, any suggestions would be greatly appreciated.

 

Client is on Cash Accounting (not sure if that will make a difference to the answer or not)

 

I have incorrectly posted a client payment against the wrong sales invoice, this payment has been bank recd and also VAT reconciled.

 

As a result when I use file maintenance and try to delete the payment with the view of then reallocating the payment, I get the message This correction cannot be carried out automatically as this transaction has been reconciled for the VAT return

 

Any ideas of a work around???

 

Many Thanks.



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MarkS


Expert

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Posts: 1501
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Raise a dummy sales credit and match against the sales invoice for the customer that you should have allocated payment to.  Post the sales credit to 9999.

Then raise a dummy sales invoice against the customer that you have allocated payment to and post sales invoice to 9999.

The sales invoices and credit will cancel out in 9999 and you will have cleared off the invoice you wanted to and reinstated the invoice that you wrongly allocated the payment to.

If you have allocated the payment against the wrong invoice for the same customer then isnt a big issue as the total outstanding is correct and when you get in the payment against the invoice that has already been matched then match it against the one you should have matched before.

 

Regards

Mark



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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