USA Correct an Invoice


Joined
Jul 12, 2018
Messages
13
Reaction score
0
Country
United States
An invoice dated 4/5/18 ( past quarter) was created listing one item with wrong price. We do not charge sales tax. How can i correct it? since, by simply changing the price on this invoice I will change also the total of gross sales amount of that quarter and this amount will not match with the amount submitted on the ST-50 form (Sales Tax NJ). What is the better way to correct it? Thank you for your help
 
Ad

Advertisements

Steve-LevelUp

VIP Member
Joined
Jul 18, 2016
Messages
308
Reaction score
43
Country
Canada
Correct it in the current quarter and explain to the customer the error. Just record the incremental price (or a credit) as necessary.
 
Joined
Apr 17, 2011
Messages
44
Reaction score
4
Country
United States
Yes do not go back to change prior periods that were already sent in - it would just be a credit in the current period and of course the invoice re-sent to the customer. But I'm confused, if you don't charge sales tax why are you filing a sales tax return? In AZ if a business doesn't collect sales tax they don't obtain a sales tax # and therefore no forms need to be filed.
 
Joined
May 25, 2018
Messages
24
Reaction score
3
Country
United States
yes. You can charge incremental Invoice/Credit Note, as the case may be, in the current date and explain that to client about incremental invoice. You do not need to change the previous quarter.
 
Joined
Jul 12, 2018
Messages
13
Reaction score
0
Country
United States
Thank to all of you for your answers. Then, I will create a credit memo and on it I can not list the product with the amount to discount, because it will affect the inventory ( since the customer is not returning the product). I think I must enter a discount ( as an item) and add the total of the credit and a brief explanation. Is it this enough? Thank you
 
Joined
May 25, 2018
Messages
24
Reaction score
3
Country
United States
Roxanna,

You're welcome. Yes, enter Discount as a line item with the total adjustment amount. Brief it with an explanation and that will do your job. I hope this helps you!
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top