Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
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…
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…
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.
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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…