Postponed accounting

Question

Hi, 
 We currently use Sage 50 Accounts (Not Cloud) v27.2. I just want to check how to process VAT postponed accounting through Sage. Our import agent accidently processed out VAT as postponed instead of using our deferment account so I am a bit unsure how to get the VAT we need to pay on to our VAT return in Sage.

Andy Rickeard · Answer

Hi Donna,

Thanks for using Sage City.

The following article defines Postponed Accounting but also links to articles that explain how to process it in your software if you're based in the UK and how to process if you're based in the Republic of Ireland. I think this will be a useful starting point. Hope this helps: What is postponed accounting?

If that does help, please click More > Verify Answer.

Regards,

Andy
Sage UKI

Sage 50 Accounts

Postponed accounting

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