Payment on account has been made to a subcontractor who is registered for CIS. The invoice was in but while I was on holiday payment was made for the full amount, (no CIS deduction).
The Sage CIS module does not seem to allow this to be credited against the actual invoice.
We always newbies to do a little intro about themselves as it helps us get to know you and also to pitch answers. So just a few things such as - bookkeeper or accountant, how long in this business (working for a practice / small company accounts office / or for yourself), what level of training and who you are doing/have done your training with. Which professional body are you with (or are you QE)? Where in the country are you based? Background.
Never used the CIS module - is this the one which also does the reporting much like payroll software?
Are you going to include this invoice as if part paid (ie with deduction) in the usual way, allocating the effective 'overpayment' as a payment on account which you can then use towards the next invoice?
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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
