Self bill invoices for incorrect amounts

[Contreras]

It's more than one half day every couple of weeks. Also, the other ball ache is the impact on my VAT stuff. I have to pay over VAT on the issued invoices. Only when it's corrected would I be able correct the VAT amounts which will be another bunch of hassle (albeit that the accountant will have to deal with).

As for the VAT issue, switch to cash accounting, where the VAT liability is worked out from when the money reaches your account rather than when the invoice is issued. Your accountant should have done this anyway, but give them a poke - you do have an accountant, I assume...

VAT cash accounting helps where the the client is a late payer or non-payer, which isn't the situation here. So unless you are suggesting that the OP pays the money back without a credit/debit note being issued then I can't see it makes a difference.

There are arguments for and against VAT cash accounting as well, so it's wrong to say that the accountant should automatically do this - it depends - but worth asking the question anyway.

[malvolio]

VAT cash accounting helps where the the client is a late payer or non-payer, which isn't the situation here. So unless you are suggesting that the OP pays the money back without a credit/debit note being issued then I can't see it makes a difference.

There are arguments for and against VAT cash accounting as well, so it's wrong to say that the accountant should automatically do this - it depends - but worth asking the question anyway.

The OP is complaining about having to adjust VAT amounts following out-of-period invoice corrections. Cash accounting avoids the problem, and is generally eassier to manage. YMMV....

[Contreras]

The OP is complaining about having to adjust VAT amounts following out-of-period invoice corrections. Cash accounting avoids the problem

I beg to differ.

[BHicks]

I think you'll find that their system will pick it up and they will simply deduct the over payment from another one of your invoices - their accounts department will reconcile timesheets to invoices on a regular basis as part of their accounting process.

ROFLMFAO

Sorry, that was a good one.

Really, you think their system will pick it up? One of these incorrect amounts relates to a timesheet from almost 3 months ago now. I'd imagine that *if* they were doing any reconciliation, they would have spotted it before now.

But they haven't, so either their reconciliation is very infrequent, or they're not doing any (that works in a meaningful way)

Place your bets please!