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Status Released
Product IRIS KashFlow
Created by Heulwen Thomas
Created on Mar 20, 2018

VAT Correction

If a transaction is deleted after it has been included on a VAT return, Kashflow doesn't automatically reverse this on the subsequent VAT return. Therefore, at the year end there are VAT difference. Kashflow should automatically recognise that a transaction has been deleted and VAT reconciled and then post the reversing entry (this is what Sage does to prevent VAT errors).

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