Make Revenue VAT difference adjustments to Bank Account
Hi,
Can you let me know how I can make adjustments to the Bullet Bank Account records to account for rounding used by Revenue when they deduct from the actual Bank Account?
Thanks,
Eoin
Hi,
Can you let me know how I can make adjustments to the Bullet Bank Account records to account for rounding used by Revenue when they deduct from the actual Bank Account?
Thanks,
Eoin
Hi Eoin,
You shouldn’t need to make a manual journal entry adjustment. When you reconcile the amount on while importing your bank statement – just click ‘auto adjust’, at the very bottom of the page. That will let you auto adjust to 1€.
Thanks Pete
Thanks as always for the reply.
The Auto Adjust is not changing the Bullet transaction amount for me.
The VAT Money Out figure from my Bank statement import has been Reconciled with the Bullet transaction, but the overall balance is still off.
Is there anything else I need to do?
Thanks,
Eoin
You don't need to do anything else. If there is an error or something is out - Bullet will tell you.
Pete