Invoices previous period, how to account them?

LondinaLondina Experienced MentorPosts: 814MAAT, AAT Licensed Accountant
Hi everybody

I have this scenario with one of the clients I manage:

Y/e December 2008, VAT Return for last quarter and official financial statement done.

Now I received 2 invoices dated december which I cant post, but need to add them into the VAT of this month.

the VAT amounts for these are:

Sales £4000
Purchase £190

Difference £3810.

I tried this journal:

CR Sales
DR Purchase
DR Difference VAT liability, but this doesn't work!

Which journal shoud I do to include these figure in the next VAT?

By the way, what should you do when you receive an invoice of the previous year not being accounted?

many thanks

Comments

  • A-VicA-Vic Expertise Guaranteed Posts: 6,970Registered
    You could add them just make an adjustment at the end of the year
  • LondinaLondina Experienced Mentor Posts: 814MAAT, AAT Licensed Accountant
    add them how? by doing that journal? the difference where should I post it?

    I use SAGE by the way and the Manual Adjustment in the VAT screen is a bit dodgy...not always does the journal I want!
  • claudialoweclaudialowe Trusted Regular Posts: 275Registered
    It probably didn't work because the default on Sage journals is T9 instead of T1. Try doing it again as T1, and the figures should filter through to the VAT return.

    Claudia
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