I have double recorded a single payment received and this has gone through into my VAT return. How do I put this right?
Hello @Newchodge
If it’s gone through the VAT return, you will probably need to raise a credit note for it and “refund it”.
If you had managed to catch it before the VAT return, you could have just deleted it.
Just to stress, I am not a registered accountant nor bookkeeper, so it may be worth checking first.
If you don’t have an accountant, we have a panel of accountants to choose from, for more information, please see the following link:
If you’ve created a duplicate invoice for the duplicate payment then you’ll need to credit note the second copy (which could be back dated to the same date as the duplicate invoice). If you’ve only recorded the payment twice, with the second payment not allocated to an invoice, then you’d find the unallocated payment record and there should be a “refund balance” button at the top.
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Thanks @ian_roberts for the clarification here.
Thanks for the advice. It looks as if the error is that I have put the wrong payment received date - I receive a minthly payment and I have marked the February payment as received on the same date as the January payment. The payment has been properly allocated. My VAt return covered the period to 31 January, so the January payment and the February payment have both appeared in the last VAT return. Apart from reconciling the bank account, does this matter?
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