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Debsiesaid:
“Timm
Thanks for the suggestion of a dummy credit note - i'll do that next week.
Angie - the invoice was posted through the supplier module to 5000 purchases with T0 for no VAT. What would you suggest now?
I really appreciate your help.
Many thanks ”
Morning Debbie,
OK here goes!
Based on what you have told me, first of all, please complete a credit note to the Supplier using the same 5000 nominal code and T0 tax code, and same amount as the invoice. This will put your nominal 5000 back to as it should be, as this is already posted by way of the original invoice prior to the write-off. This will also remove the figure from the Creditors Control Account.
Then you can put the amount back on the Supplier as an invoice using nominal code 8100 and place the gross amount in the net column with T1 tax code but remove the VAT figure that appears there before you save. This should then bring the 8100 nominal code back down to zero, and re-post the same figure to the Creditors Control Account again.
Once you have completed this, you should have two outstanding entries in your Suppliers Account. One for the invoice, and one for the credit note, both posted to 5000. The third one is the correct outstanding invoice amount posted to 8100, so ignore this one for now. Go into Bank, and select Supplier. Call up the Supplier Account, then without placing an amount to pay, select these two when they appear, and select 'Pay in Full'. This should allocate the invoice with the credit note, and canel each other out, and clear them as paid. Hopefully once you have completed this, you should see the one invoice posted to 8100 and ready to pay by the client.
I do hope this has helped, and look forward to hearing such when you're done. Any problems, please also let me know.
Thanks,
Edited at 26 Nov 2011 10:49 AM GMT
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