User guide

p167
Big Red Book Accounts v5
Reverse Vat on Cash Receipts Vat Return
When using Allocations and making VAT Returns on Cash Receipts / Cash Accounting basis allocated
transactions are marked as being 'submitted' and assigned a Return Cod.
The transactions will not excluded from the calculation of last VAT submissions.
This facility is provided for when a user wishes to 'undo' a submission i.e. unmark all the transactions for a
selected Return Code.
You should always make a backup of your data before using this option as it cannot be reversed.
On selecting this option a window similar to this is displayed:
A drop-down list is provided of all the VAT on Cash Receipts / Cash Accounting Return Codes.
Select the Return Code of the submission to Reverse and click OK.
A confirmation screen is displayed. Click Yes to continue to reverse the submission, No the cancel
When Yes is selected a second confirmation screen is display, select Yes to continue.
When a submission has been reversed a message is displayed to confirm and a note is made in the Audit
Trail.