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info251
December 30, 2020
Solved

What could cause the sales figure in the vat returns to be different to the sales figure in the P&L for the same period using accrual accounting

  • December 30, 2020
  • 1 reply
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Original commenter did not share additional details
Best answer by info251

Hi,

 

Thanks for your reply, I spent some time going through all the sales reports and found that the date on one invoice for a reasonable amount of money had changed, taking it out of the VAT period on the sales report but not on the VAT return. I managed to change the date back and hope it doesn't affect anything else. Both VAT period reports have been submitted so the net difference should balance

 

Regards

 

1 reply

R
Rasa-LilaM
December 30, 2020

Thanks for reaching out to the Community about your concern, info251.


To ensure I can provide a timely solution, I need to gather some information about the issue. Have you tried opening the View exception details to see if you have any? Also, did you switch the accounting method from cash to accrual or vice versa?


I appreciate any details you can provide to help me get on the same page. Thanks in advance. Looking forward to hearing from you soon.  

I
info251AuthorAnswer
December 30, 2020

Hi,

 

Thanks for your reply, I spent some time going through all the sales reports and found that the date on one invoice for a reasonable amount of money had changed, taking it out of the VAT period on the sales report but not on the VAT return. I managed to change the date back and hope it doesn't affect anything else. Both VAT period reports have been submitted so the net difference should balance

 

Regards

 

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