Make Revenue VAT difference adjustments to Bank Account

Can you let me know how I can make adjustments to the Bullet Bank Account records to account for rounding used by Revenue when they deduct from the actual Bank Account?

1 answer

Peter Connor Staff December 5, 2017

Hi Eoin,
You shouldn’t need to make a manual journal entry adjustment. When you reconcile the amount on while importing your bank statement – just click ‘auto adjust’, at the very bottom of the page. That will let you auto adjust to 1€.
Thanks Pete

  1. Hi Pete,
    Thanks as always for the reply.

    The Auto Adjust is not changing the Bullet transaction amount for me.
    The VAT Money Out figure from my Bank statement import has been Reconciled with the Bullet transaction, but the overall balance is still off.

    Is there anything else I need to do?

  2. Peter Connor December 7, 2017
    So it wont change the figure as in change 1.72 to 2.00, it will just (allow the match) happen in the reconciliation. If they're reconciled then the issue about that is resolved.

    You don't need to do anything else. If there is an error or something is out - Bullet will tell you.


Please login or Register to Submit Answer