Supplier Returns (Using VAT Cash Accounting)
1. From the main Sage Line 50 desktop, click Suppliers.
2. From the Suppliers window, click Invoice.
The Batch Supplier Invoices window appears.
3. Post an invoice to the Mispostings account with the original net and tax amount.
4. Click Save to æpostÆ this dummy to the audit trail. When you save this invoice, the balance of the supplier's account is corrected. Then click Close to exit from the Batch Supplier Invoices window.
5. From the main Sage Line 50 desktop, click Bank.
6. Click Receipts.
The Bank Receipts window appears.
7. Enter the following details in the Bank Receipts to the Mispostings nominal account with the original net and tax amount.
8. To post the bank receipt to the audit trail, click Save.
The balance of the selected bank account is now correct.
Related Topics
Supplier Write Offs (VAT Cash Accounting)
Supplier Refunds (VAT Cash Accounting)
Customer Write Offs (VAT Cash Accounting)