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    Hello We do have a life insurance and pension paid by the employer. What nominal code should I use to allocate that in sage ?
  • Why are there 3 nominal codes for VAT?

    Hi all My system shows the following 3 nominal codes for VAT: 2200 Sales Tax Control Account 2201 Purchase Tax Control Account 2202 VAT Liability Surely, VAT liabiity = Sales Tax - Purchase Tax, so why have a seperate code for VAT Liability…