Hi guys, I’m trying to update my accounts in preparation for end-of-financial year filing. My tax records in my bullet account do not reflect my actual tax transactions with Revenue but I’m not sure how/if I can manually adjust the auto-generated records under Tax >> Overview. For instance, my VAT3 return with due date 19 Nov 2014 for VAT period 01 Sep, 14 – 31 Oct, 14, states an amount of €0.00, when in fact, we paid €3,887.00 to Revenue. How do you recommend I go about handling this scenario: mark the null VAT3 return as paid and also add a One Off Payment for the actual payment?

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Hi guys, I’m trying to update my accounts in preparation for end-of-financial year filing. My tax records in my bullet account do not reflect my actual tax transactions with Revenue but I’m not sure how/if I can manually adjust the auto-generated records under Tax >> Overview. For instance, my VAT3 return with due date 19 Nov 2014 for VAT period 01 Sep, 14 – 31 Oct, 14, states an amount of €0.00, when in fact, we paid €3,887.00 to Revenue. How do you recommend I go about handling this scenario: mark the null VAT3 return as paid and also add a One Off Payment for the actual payment?

  1. accountst May 7, 2016
    Any advice appreciated, thanks

1 answer

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Peter Connor ⋅ Staff May 7, 2016
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Hi there,
Did you record your invoices and bills in Bullet for that VAT period?

#answer-3238
  1. accountst May 7, 2016
    Hey, most of my invoices were logged through BulletHq. After reviewing yesterday, I retrospectively added an additional 10 invoices from the first half of 2015.
  2. accountst May 7, 2016
    So bulllet wasn't 100% reflective of the reality.
  3. Peter Connor May 7, 2016
    If you've entered all the values, then you can mark the return as unpaid and the amount due should equal what you paid. You can use manual journal entries to make adjustments, but if everything is entered in Bullet, there should be no need
  4. accountst May 7, 2016
    Ok, I understand, but then I'm confused as to what's happening for my account. For instance: I've got a invoices with issue and paid dates in September 2015 but the auto-generated VAT return for 01 Sept - 31 Oct 2015 does not register any company invoices being paid in this period
  5. Peter Connor May 7, 2016
    Is there an invoice in particular you're having an issue with? When I take a look at that return (https://accounts-app.bullethq.com/taxes/view.page?id=42348) (click on "VAT items for this Period" to see the list), I can see payments and bill in it.

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