Reverse a payment on a CIS invoice

If you record a payment against a CIS invoice by mistake, you can correct your accounts with a manual journal.

Sage Sole Trader doesn't currently let you undo a payment from the invoice itself.

When you record a payment for a CIS invoice, Sage posts these entries on the payment date:

• A debit to CIS Tax Asset Realised (account 1131) for the CIS amount
• A credit to Sales - Products (account 4000) for the gross invoice amount
• A money-in transaction to your bank, if you ticked Create money-in transaction

You can see these on the Nominal Activity report under the original payment date.

Post the reversing journal:

1. Go to Transactions, then select the Draft tab.
2. Select Add, then select Journal.
3. Read the Adding journals message, then select Continue.
4. Enter a Journal reference and use the date of the original payment.
5. Add a Journal description explaining what the journal is for.
6. On the first line, select Sales - Products as the Ledger account.
7. Enter the gross invoice amount in Debit.
8. On the second line, select CIS Tax Asset Realised as the Ledger account.
9. Enter the CIS amount in Credit.
10. If you ticked Create money-in transaction with the original payment, select Add new line to add a third line:
    • Select your bank account as the Ledger account
    • Enter the net amount in Credit
11. Check the Debit and Credit totals balance, then select Save as Completed.

• CIS in Sage Sole Trader
• Create a CIS invoice in Sage Sole Trader
• Record a payment for a CIS invoice