Voided invoice GST component

Nadoy

Hello!

I have voided an old invoice as we figured out it was sent in error. However because the invoice is old I've already paid GST for it.

How do I factor this GST component in the next time I pay tax?

Cheers!

Kris_Williams

I would enter it back in and do a credit note in the current quarter, that way the old figure you paid will still be correct and the gst will be deducted from the next BAS

And if it was in last financial year those figures will also stay the same

Nadoy

https://community.reckon.com/discussion/comment/20615899#Comment_20615899

I kinda hoped there was an easier way, but thanks, I guess that's what I have to do.

Cheers!

Kris_Williams

It’s not really hard, if it was a complicated invoice you can just do it as a one liner to a normal item and the credit note the same. When you do the credit note the program will ask if you want to offset it against an invoice and you just say yes

Nadoy

https://community.reckon.com/discussion/comment/20615904#Comment_20615904

Yeah, this invoice is 3 pages long and has dozens of different items that should go back to the inventory as they've never got sent to the customer. It took about 40 min to sort it out.

I can understand why there is no "magic button" to just copy all data from an invoice into a credit note as 99% of invoices are single item, but I would still be super excited if that button existed.

Kris_Williams

You could have memorised the invoice before deleting it and then called it back up if necessary. As I said if you have to reenter just make a new item and then use the same item for the credit note