New

Fix PO total with postponed VAT

In version 27.1 the new Brexit postponed VAT codes add the notional VAT to the net amount when a PI or PO is created.

IF you are just posting a purchase invoice that is ok as Sage then creates a credit to cancel out the VAT amount on the supplier account.

~We use Purchase orders which are not posted until the goods arrive. The new Postponed VAT codes now result in the PO having an incorrect total for the duration until the goods arrive and the PO is updated to an invoice. This needs to be fixed as we can no longer check the balance due to the supplier by looking at the POs and there is a danger of the supplier being overpaid.

  • I have got round this by changing my p/o screen to not show total amount only net amount. I have also amended the purchase order template and removed the VAT so that it only shows the net value as we send our orders to the EU.  Hope this can be of help.