Correcting a VAT Payment Amonut

I am trying to get everything reconciled nicely for the end of year accounts. I made an error on my last VAT return and overpaid by €4 euro. 

As the auto adjust can’t cover that, is there a manual journal entry that I can create to correct this? The invoices are correct, its on the bank account end that the error is on.

1 answer

Peter Connor Staff January 6, 2017

Yep you’ll have to create a manual journal entry for that – again we can’t advise on how to do that. 
If you’ve underpaid your VAT you’ll need to resubmit an amended VAT return, we don’t have a workflow for that.
If you just want to adjust for rec then your account should have that done in about a minute. 
Hope that helps.


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