How do I Do a V.A.T. only Credit?

Summary

This article will explain how to post a V.A.T. only credit.

More Information

• Go to " Sales Ledger Invoice/Credit Notes".

Using the THIS knowledge base article as reference follow the same steps with two small differences.

• On the "Invoice/Credit", enter 'C' for credit.
• When you get to the "Document", the system will pop up a screen called "Document To Credit Selection" which allows you to either:
  • Allocate the credit to a specific invoice. No further questions will be asked.
  • Leave the credit unallocated on the customer's account.
    • If you choose this option, when you press <F5> the system will ask "Is this intended as an unallocated credit?". This might be because the credit note applies to more than one invoice, or because all the invoices have been paid and this credit note relates to a refund.
    • Clicking [Yes] allows you to proceed.
    • Clicking [No] will take you back to the "Document To Credit Selection" screen.

Once you have made your choices, continue to follow THIS article as a reference.

Remember - To explain why the credit is for V.A.T. only.

See also

• How do I Do a V.A.T. only Invoice?
• How do I Find a Customer?
• How do I Post a Sales Ledger Invoice with Multiple Centres?
• How do I Find a Cost Centre?

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Keywords AND Misspellings

VAT, V.A.T, Value, Added, Tax, Credit,Text, Sales, Refund