reverse duplicate entry after vat reconciliation
Question asked by Liz Knight 7 years ago
Hi I have found that a payment for stationery has been entered twice in the accounts. The VAt return has been run, so the item is reconcilled for VAT. I wish to reverse the transaction, in sage I would have just entered a bank receipt against the cost code, this would have reversed the cost against the right nominal code, and corrected the vat. But on clear books I can't allocate a receipt against an expense code.
I would journal it out, but maybe like sage journal entries, it wont get picked up on the vat return??
thank you liz