Invoice and VAT

I have noted that two cheque payments I received and posted to my bank were not credited to my account. I had completed a VAT return which included these payments. If I do a credit note for each what effect will this have on the software for the vat already paid?
I thought I might do a credit note for each and treat replacement payments as new.

Posted by Trevor Dunbar on Oct 17, 2016 11:43 AM BST

Hi Trevor,

You shouldn't create a credit note - that would mean that your customer no longer owes you money.

Here's how to record a bounced cheque in Solar Accounts:

1. Go to the Transactions list
   2. Right-click on the original payment transaction and select 'Copy'
   3. Add a minus sign to the front of the Amount Received so the figure is negative

If the Type is 'General Payment' then you are finished. If the Type is 'Invoice Payment' there is an additional step:
4. Tick 'Show paid invoces' and type the negative figure into the Amount Applied column (ie. matching the Amount Received figure)

Regards,

Posted by Mark Mclaren (Solar Accounts) on Oct 17, 2016 3:01 PM BST