Produce a VAT only invoice or credit note

Find this screen

Open: Invoicing > Processing > Enter VAT Only Credit Note.

Open: Invoicing > Processing > Enter VAT Only Invoice.

How to

Enter VAT only invoice or credit note

1. Choose the customer and enter the invoice date.
2. Click Add to enter a line.
3. Enter a description, the VAT rate and VAT amount.

Amend a VAT only invoice or credit note

As a VAT invoice or credit note is posted straight away, you can't amend or cancel it.

If you've made an error you'll need to enter a reverse transaction in the form of an invoice or credit note and allocate the two together on the customer's account.

Useful Info

When to use this

This creates an invoice which only contains VAT. This is used primarily for inter-company tax and/or to correct a mistake involving under or over charging VAT on a previously issued invoice.

Once you save the invoice, an associated sales order is created automatically and marked as completed.

Note: You can't enter VAT only invoices for the Cash Account.

What happens when

The invoice or credit note is saved

• The invoice or credit note is printed. The invoice is marked as VAT only at the top.
• The invoice or credit note is posted to the customer account and nominal accounts straight away.
• The invoice or credit note status is changed to Completed and is shown on the Invoicing List.