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R
Redhammer
February 4, 2021
Solved

Bank payment linked to submitted CIS Return

  • February 4, 2021
  • 1 reply
  • 0 views

Hi,

We pay subcontractors monthly for which I produce a Remittance (in this case was 1 payment), normally I can match them to bank transactions but on this occasion the payment was made in 2 payments, the CIS Return  containing this payment has been submitted to HMRC and I am now unable to match or change the bill payment and therefore unable to match the transaction.

Can anyone advise how I get around this please?

Best answer by EmmaM

Hello, RedIhammer  In this case, you can exclude the transaction in the banking section as long as the payment is allocated already against the supplier. If not and you are unable to change the bill amount is that because you have filed CIS for that period?

1 reply

E
EmmaMAnswer
February 4, 2021

Hello, RedIhammer  In this case, you can exclude the transaction in the banking section as long as the payment is allocated already against the supplier. If not and you are unable to change the bill amount is that because you have filed CIS for that period?

R
RedhammerAuthor
February 5, 2021

Thank you for the reply Emma.

 

I did 'think' the answer would be to exclude the bank items and reconcile using the bill payment (which is already allocated to the supplier and yes the CIS return had already been filed)

 

Many thanks 

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