Internal Invoices

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KayH
KayH Registered Posts: 1
in General accounting discussion
Can someone kindly advise? About to enter a meeting tomorrow to discuss the above - is the term "Internal Invoice" an invoice that would never incur VAT? I ask as my company are raising normal customer credit notes/invoices with VAT and referring to them as "Internal" invoices, in the invoice description and in reports, because these are invoices and credits not intended for the customer to receive as they are usually raised to correct errors. Should we not be calling these something else other than "Internal" ?
Many thanks
Kay H

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  • Sharon123
    Sharon123 Registered Posts: 80
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    Where I have come across internal invoices or credit notes they have been used to correct input errors. Eg a purchase invoice has been entered wrong so an internal credit is raised to correct and these are reconciled, then the invoice is entered again correctly

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