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Jan 28, 2021 at 01:37 PM

VAT Invoice Correction

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Hello,

Hoping someone can advise the best way to approach this. We have a scenario where a CIS vendor invoice was posted incorrectly. The VAT calculated and deducted was £396.

A credit was then input for this invoice via MIRO to reverse it but it didn't reverse the VAT amount.

A new invoice was posted correctly, and another £396 was deducted for VAT.

Now we have 2x £396 entries on our Balance Sheet, one of which needs to be credited.

We were thinking of using the non invoice process (through FB60) to credit the Balance Sheet Code but the Accountants don't seem keen on this. Any advice would be appreciated.

Thanks

Lisa