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January 26, 2020
Question

Credit note applied to vat return hence sales not adjusted

  • January 26, 2020
  • 1 reply
  • 5 views
No text available

1 reply

Kristine Mae
Moderator
January 26, 2020

Let's create an adjustment instead, Dilip-mehta.

 

This lets you adjust the sales amount before submitting the VAT return to the HMRC.

 

I'll share the article about adjusting your VAT liability. It'll provide you the steps depending on the box you'll want to adjust. 

 

After creating an adjustment, our program will automatically create a journal entry. The adjustment will be included in the next VAT return. 

 

Once you're ready, you can submit the VAT return. 

 

If there's anything else that you need, please don't hesitate to let us know.