Moving VAT Transactions to Another VAT Period/Quarter

You may need to move VAT transactions to a different VAT period/quarter if a future VAT period/quarter has been opened in error.

For example, if a system administrator inadvertently opens VAT Account 202122M01 instead of 202021M01, then any documents posted in IRIS Financials post to the September 2021 VAT Account, instead of the September 2020 VAT Account.

This topic provides an overview of how to move VAT transactions from one VAT period/quarter to another.

  1. Go to Maintenance, then select Accounts from the menu.
  2. The Accounts Maintenance dialog is displayed. Double-select to select the applicable VAT ledger.
  3. The Accounts Maintenance - VAT window is displayed. Select the applicable VAT period, which contains the transaction, from the left-hand panel. Select LINKS, then select Details.
    202122-links-details.png

  4. The Detail Enquiry window is displayed. Select the applicable transaction, then select EDIT.

    If the applicable transaction is allocated to a VAT return, you are not able to edit it. You need to copy and reverse the document into an open VAT period/quarter, then recreate the original document.

  5. The PSFJournal document input form displays. Double-select in Account on the VAT line, then double-select to select the VAT period you want to move the document to from the Select VAT account dialog.
    edit-document-vat-account.png

  6. Press F5 to post the document with the new VAT period/quarter.