Accounting principle for cash purchase refunds should be reported under VAT Exps
Any cash posting refunds should be reported under VAT exps, not on sales. If the cash refund is posted to P&L expense account Kashflow should mark this transaction as a purchase refund, not revenue for sales.
Ergun Nalbantoglu
almost 6 years ago
in IRIS KashFlow / Bank
0
Acknowledged
You have repeat Purchases, but as a service only company we do not have purchases. Is it possible to have a repeat expense? As we have lots of monthly outgoing bills that are fixed.
I have made an error in a previous VAT report. The new KF doesn't let me unsubmit/delete/alter any VAT report. I have emailed support to delete an incorrect VAT report but it's been 4 days and it has not been done yet. We have deadlines and would ...
show when a customer has paid a deposit on the invoice when printed
it is useful to the customer knowing how much the really have left to pay rather than a full total amount. Also beneficial to us the seller, we are able to look at a glance at the printed invoice and see what is paid and what is outstanding
I would like to see if reminders have been sent out and the date that they have been sent on this page rather than having to go into each individual invoice.
0
Acknowledged
1
Will not implement
1
Acknowledged
