Has the supplier refund been VAT reconciled?

To check, click Transactions then identify the required transaction and check the VAT column.

• R = Reconciled
• N = Not reconciled
• - = Does not require reconciliation

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Reverse the supplier refund

Reverse the supplier refund with a supplier payment

1. Click Suppliers then click Supplier payment and complete the Supplier Payment window as follows:

   Bank A/C Ref	Choose the required bank.
   Payee	Choose the required supplier.
   Tax Code	Enter the same tax code as the original supplier refund.
   Date	Enter the date of the refund.
   Exchange Rate	Foreign trader only - Enter the same Exchange Rate as the original supplier refund.
   Amount	Enter the amount.

2. Click Save then click Close.

Points to consider

• Bank reconciliation - Once you post the supplier payment, if required, you may also need to bank reconcile it. The net effect of the refund and original transaction in the bank reconciliation is 0.
• VAT reconciliation - As the supplier refund has been VAT reconciled, when you reverse it the new supplier payment (PP) appears on the next VAT quarter as a transaction from a previous period. You must include this previous transaction in the VAT Return.

Backwiz_VAT_VCA;wiz_VAT_VCA_CRIT_RECY;null Restartwiz_VAT;wiz_VAT_VCA_CRIT_RECY;null

Delete a supplier refund

1. Click Transactions then click the required transaction and click Delete.
2. Click Delete then click Yes.

Backwiz_VAT_VCA;wiz_VAT_VCA_CRIT_RECN;null Restartwiz_VAT;wiz_VAT_VCA_CRIT_RECN;null

Delete a supplier refund

1. Click Transactions then click the required transaction and click Delete.
2. Click Delete then click Yes.