I am trying to do my VAT return. QuickFile is automatically using my figures for my last return’s sales on this one, even though there is not an invoice in this return’s period to support the figures. The delete button will not remove the incorrect figure. How do i proceed?
Hello @dominic
Looking at the account linked to your email, I can see you are on cash accounting.
Under cash accounting the payment dates (the tax points) are used to assign the relevant invoices to the correct return.
The transaction would be picked up on this return due to its payment date. On your last return you entered manual adjustments which means your would have to enter manual adjustments again on this return.
Thanks for that.
Could you please help with a reference to the photo below?
I have filled in the adjustment in box 1 to reflect the fact that the wrong figure is in box 1 .(This figure of £830.89 is the figure QuickFile has wrongly automatically included—it’s the figure from my last return. I note that QuickFile has also automatically updated that same ‘wrong’ figure for my next return).
The actual income/sales for this quarter should be zero.
How do I get my return to now ‘update’ taking into account the correct figure of zero for box 1? It won’t allow me to manually change the figure in box 1 (or thus box 5).
Thanks
Dominic
As above - if you are on cash accounting then the actual income/sales for this quarter should be £830.89, because that’s the amount of sales that you were paid for during this quarter. Even if the invoices were dated last quarter it is the date when they were paid that decides which quarter they belong to.
However you mistakenly adjusted the previous quarter to report these sales there instead of here, so Steve is saying you need to apply the reverse adjustment this time around to prevent you reporting the same sales twice.
This is an artefact of the way QuickFile automatically includes “late entries” at the first opportunity. Once you have submitted the current return (the one on which those sales payments were supposed to be reported, even if you’re adjusting them back out) then they’ll stop appearing when you prepare future returns.
QuickFile includes in the return for quarter X any payments (for cash accounting) or invoices (for accrual accounting) that are dated on or before the last day of the relevant quarter and not already locked by a previous return. This includes payments whose date falls in an earlier quarter but were entered after the return for that quarter had already been submitted.
Please could you assist me by telling me very specifically what i have to click on to do the ‘reverse adjustment’ you suggest?
i’m afraid i don’t know my way around your system if anything out of the ordinary happens. thank you.
Hello @dominic
You would add an adjustment on the return to each box where relevant, similar the the below.
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