Sage 50 Accounts

I have a client that has gone into administration. I have provided consultancy services without being paid for this work; it is very doubtful of payment. How do I post this into Sage 50 accounts to write off the debt and recover the VAT I already paid…

I have recently imported a vehicle to NI from EU, submitted the NOVA and have received word of a VAT liability. What is my best way to account for this? Just add as an adjustment to Box 2 and Box 4 of the next VAT return, or are there journals I should…

We recently deregistered for VAT and I have followed all of the actions on the Sage advice in relation to VAT deregistration. However, on Company Preferences although I have deleted the VAT reg number the instructions do not say whether I need to change…

I have completed 10 VAT returns and every time I do, every single transaction appears in the verification results summary for transactions "not using your most commonly used tax code". Is there a way to tell Sage what my most common tac code is so it…

Hi New to the group. New to Sage. The old rules for VAT were the 2/3rd rules if Sales Invoice was 2/3 materials 23% VAT applied if more labour than materials 13.5% VAT applied. Can't get through to Revenue, nor getting an answer through my enquires…

Sage 50cloud Accounts Professional V27.2 Setup as a Republic of Ireland Limited Liability company with Irish VAT Rates. Now selling Business to UK Consumer (excluding NI) We now need to register for UK vat through our Irish Company as we do not…

Help required - VAT return needs to be in asap and I have spent an inordinate amount of time trying to work this out, but failing at the last hurdle! Re: 'How do I post import VAT and duty on goods purchased from a country outside the UK?' article.…

Is it possible to create an invoice for product where part of the price is charged 0% VAT and part of it charged at 1/6th as per the Government margin scheme . Then send customer an invoice showing totals only e.g. For a product sold at £560 Cost…

When you reconcile your VAT Return in your software, all transactions that were included in that VAT Return are flagged as VAT reconciled. If you later need to check if a transaction has been VAT reconciled, for example, for audit purposes or error…

Hi there, Could someone advise the correct tax code in Sage 50 for an Irish company invoicing customers for supply of services in the UK? Pre-Brexit we have used the tax code T22 Sales of services to VAT registered customers in EC. Thanks in advance…

I have just discovered that VAT was missed off a bunch of import invoices, which have already been included in previous VAT returns. My question is, now I have copies of the invoices showing correct VAT breakdowns (which are within the 4 year amendment…

I have been trying to figure out how to post the VAT adjustment for Uber Eats for a while now and have only got as far as knowing that I need to use the Reverse Charge mechanism, but to do this I need Uber Eats VAT number which is a struggle in itself…

To help make sure your accounts are accurate, you can use the Accounts audit option in Sage 50 Accounts to quickly check for sales and purchases posted with a non-standard tax code which may be incorrect. Useful to run before calculating your VAT Return…

Irish revenue had announced in the July stimulus plan that the standard rate of VAT (currently 23%) will be temporary reduced to a lower rate of 21% for a 6 month period, from 1st Sept 2020 to 28th Feb 2021. I cannot find anything on Sage (Ireland) informing…

Afternoon I was reconciling Jan to March VAT . (Sage50) i had calculated the vat return and was trying to print when my machine crashed me out of Sage It does not now seem I can reprint the return in order to send to head office who then consolidate…

Hi All I have identified an issue with allocation of Purchase Payment on Account (PP) to a Purchase invoice (PI) in a Cash Accounting environment. Scenario; Payment is posted (before the Invoice) as Payment on Account with Tax Code T1 Sage calculates…

Getting into a regular rhythm of recording and checking your organisation's transactions in your Sage 50cloud Accounts software will help you to keep on top of finances and stay informed about how you're performing. Read more >

If you're VAT registered, it's important to apply the correct tax rates, in Sage Accounts, the rates are applied based on the tax codes you choose for any transaction. The following overview article outlines some common goods and services an the tax rates…

Hi, We currently use an excel template to upload our sales invoices. However, a single invoice will often contain a mix of zero rated and standard rated VAT, which means we are uploading these as 2 lines, so that the net sales figure is appearing…

Making Tax Digital (MTD) has graced our presence for the best part of a year, coming into fruition for most businesses since April 2019. By now the world and his dog should be aware of MTD! However, for those of you who are still wondering what it's all…

How do you export details of a vat return (Box 1-9 values) to excel ? - I imagine this should be an easy one but I cannot seem to get there. VAT-Send to Excel just sends a list of all the VAT return totals to excel as opposed to specific vat return…

We are about to make our 1st MTD VAT submission and i have been transferring months worth of hand written ledgers on to sage. Edited a few bank receipts today using the steps from the transactions menu and ran a tax analysis report which seems to show…

To help your Making Tax Digital submission run smoothly, we've compiled a short list of articles that address the issues Sage customers have reported. https://ask.sage.co.uk/scripts/ask.cfg/php.exe/enduser/std_adp.php?p_faqid=45137

attempting to do vat return and being told no data held but then tells me I have errors in my data. also data entered beyond period and data all correct , displayed and balances with statement. can anyone assist