VAT RECONCILIATION REVERSAL

Question

Is it possible to reverse a vat reconciliation before it has been submitted 
 I calculated and reconciled the vat return ready to submit 
 Sent to the client but he has replied saying he wanted to adjust the return

Ian C · Answer

Hi, 
 The VAT Return can't be reversed, when you click reconcile you get: 
 
 As a workaround click VAT > VAT Return > Enter the same date and tick include reconciled transactions , 
 This will pull through all the previous reconciled transactions for this period. You can either keep or delete the old return, it's up to you. 
 Ian

Sage 50 Accounts

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