Internal Invoices
KayH
Registered Posts: 1
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
Many thanks
Kay H
0
Comments
-
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 correctly0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership