I am using Sage and entering a subcontractors invoice like this:
(It's cash accounting - no idea if this makes an difference?)
Total 2016.00 CIS 403.20 total due 1612.80
So I am entering the invoice as an invoice and credit
A/C N/C Net T/C
Subcontractor 5002 Subcontractors 2016.00 T0
And then a credit for the CIS tax
A/C N/C Net T/C
Subcontractor 2230 CIS Tax 403.20 T9
When I go into pay the invoice off, Sage won't let me and this message comes up
'there is a mismatch in the net/tax elements of the payments selected. Please ensure that the tax codes of any credit notes/payments on account are matched against invoices with which they are to be allocated to'
Does anyone know a way I can get round this?? I'm out of ideas! as I'm almost certain this is how the invoice/credit needs to be entered.
Good idea Sue, because the T0 status would but it on the VAT return when it shouldn't be. Just make sure when doing this near the time of your VAT return that you amend it before doing the VAT rec.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
