Hi I added a purchase (which I paid for with a private CC) to Quickfile a couple of months ago and must have been half asleep as I put the decimal point in the wrong place.
I only noticed it after the MTD VAT return had been submitted. The VAT differential is only about £60 but still I need to put it right.
So i’ve issued a Credit Note for the invoice and added a new purchase invoice for the correct amount.
My two questions are:
- Will Quickfile automatically adjust next quarters VAT return because of the changes or will i need to do a manual adjustment .
- Because I paid for the item with my own CC I marked the invoice paid via the Director’s Loan account. However the credit note against the original invoice hasn’t had any effect on the payment via the loan account. Quickfile won’t let me delete the payment (or at least it appears to let me delete it but it doesn’t disappear.