I have a bill for which the payment has inadvertently been marked paid on the wrong date - actually paid in Feb but payment date in Quickfile is April (inside the correct vat quarter but outside the financial year which ended in March). This bill is now locked as that previous vat quarter has now been submitted. I would like to change the payment date back to Feb. Is this possible?
You can do this by rolling back the VAT return, this will release any of the locks allowing you to modify the date. You will then need to recreate the VAT return making a note of any differences compared with the original return. Any differences should be adjusted into the next return.
Thanks Glen. How do I roll back the vat return?
If you go into the VAT return detail screen (i.e. the one you want to roll back) you will see a red button “Roll back VAT return”.
Thanks Glen, but I can’t see the roll back button anywhere. I’m looking on the vat 100 screen - is there somewhere else I should be looking? H
Oh I did omit to mention that VAT returns can only be rolled back in sequence from the latest to the earliest. Rolling back multiple VAT returns to correct the date on a payment is not really ideal and may complicate things further when reissuing the VAT returns.
It’s probably a better idea to enter a reverse transaction on your bank (on the date and for the amount the wrong payment was issued) and tag it to mispostings, then enter the transaction where it should be on the bank and again tag to mispostings. It’s worth also having a word with your accountant as they may have other suggestions, I’m not an accountant I’m afraid so can only provide general guidance.
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