CIS on purchases no allocating correclty - HELP..!!!
Question asked by Dave Gibbs 5 years ago
please could someone help me, ive noticed over the last few CIS returns that when I import my transactions through yodlee the purchases that I have not created a separate bill for do not allocate the cis properly and in turn those purchases do not show up on my CIS returns?
lookin back in my list of bills I seem to have 2 types of bill PUR & PAY, what are the difference between these?
so to break it down a little, I do an import & the transactions show In a list, when I create the transaction I choose the project the bill relates to and have auto rules in place for the tax and vat status, I then allocate away and move on, now looking back at the transactions that have CIS on CB seems to be creating a PAY type bill and allocating the CIS to labour revenue(20%) ? I now have quite a lot of bills like this that also have been declared on my CIS returns, when I then attempt to void the bill and revisit the process it will not allow me because they form part of a VAT return? please help how can I change these over to the cost of sales CIS (20%) so that they show on the CIS return and I can bring the CIS up to date?
the fastest solution would be the most help but any feasible solution will help as at the minute I literally can void the bill/ delete the payment so basically this leaves me with a situation.
thanks in advance, and I hope I have explained this so that everyone understands the complication I am facing, I will be happy to explain more if necessary or provide screen shots of each item if it helps?