Problem with edited VAT reconciled transaction

Question

Hi! I have managed to edit the nominal code of a transaction that was reconciled for VAT and included in a past VAT return. Now both the cancellation of the original transaction and the corrected transaction are showing up as unreconciled for VAT. How can I clear these unreconciled transactions down down/mark them as reconciled? Thanks!

Steven Holden · Accepted Answer

Hi Isabella, 
 Thanks for using our Product Support Community. 
 If you amend a critical field (Account, Bank, Date, N/C (Nominal Code), Net, T/C (tax code), Tax and Exchange rate) on a VAT reconciled transaction, this posts a new transaction to reverse the effect of the original transaction, plus a further transaction with the new details. 
 The net effect of these transactions is zero. Therefore, you should include these and reconcile them as part of your next VAT return. 
 If this has answered your question, please click on the &lsquo;This helped me&rsquo; link below.

Sage 50 Accounts

Problem with edited VAT reconciled transaction

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING