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Thread: corrected incorrect VAT transactions but not showing in Tax Type or Tax box reports.

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    corrected incorrect VAT transactions but not showing in Tax Type or Tax box reports.

    Hi Before submitting my VAT returns I fixed some transactions where I incorrectly claimed VAT, by doing journals like our accountants suggested. But now the corrections does not show on my Tax Type or Tax box reports. How can I fix this? I am using Pastel V11.

    Any suggestions are welcome.

    Many thanks
    V.

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    corrected incorrect VAT transactions but not showing in Tax Type or Tax box reports.

    Quote Originally Posted by Vinruby View Post
    Hi Before submitting my VAT returns I fixed some transactions where I incorrectly claimed VAT, by doing journals like our accountants suggested. But now the corrections does not show on my Tax Type or Tax box reports. How can I fix this? I am using Pastel V11.

    Any suggestions are welcome.

    Many thanks
    V.
    Hi I seem to be having the same problem. Did you manage to resolve this issue??

    Thanks

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    Vinruby/Jacqui67,

    Did any of the journals involve doing a journal directly against the 9500/000 account?

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    Hi Jacqui67 and Dellatjie

    I am sorry for only responding now, I ended up emailing Neville Bailey (the Pastel Guru on Forumsa) and he sent me the following email.

    Hi Natalie,

    I've had a look at your data, and I've replicated a similar situation in my test company, and it seems that Pastel does not offset the original cashbook payment and the reversing cashbook payment into input tax.

    I cannot see any setting that one can apply, which will cause the report to display the information any differently. Therefore, I suggest that you run the report to Excel and then move the reversing entry into the input tax section and amend the input and output tax totals accordingly. The net VAT payable is not affected.

    Regards,


    I hope this helps?

    Regards,

    V

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