USA Correct an Invoice

[roxanna9]

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

 

[Steve-LevelUp]

Correct it in the current quarter and explain to the customer the error. Just record the incremental price (or a credit) as necessary.

 

[ladyrider]

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.

 

[Victor Shah]

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.

 

[roxanna9]

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

 

[Victor Shah]

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!

 

[BrisbaneInvestmentGuy]

Oh this is gold!