Sage 50 Accounts

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Migrated to Sage 50

Posted By Katy Marais 30 days ago

Hi,

I have moved from Xero to Sage and I have transactions that have been processed in the year end in xero that have meant I have an amount of VAT to reclaim. How do I bring this into my current VAT return in Sage please so its included as late adjustments?

Thanks

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0 Anita Harper 28 days ago

It might be easiest to make a manual adjustment to your next VAT return. Get a list of the relevant transactions from Xero and then when you run the VAT return in Sage, choose Adjustments from the VAT return screen before setting reconciliation flags. Add the net and VAT amounts to the appropriate boxes.

Alternatively, if you only have a few items or they are large value, post them into Sage with their original (last year) dates and adjust your opening balances so they are not double counted.
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0 Anita Harper 28 days ago

It might be easiest to make a manual adjustment to your next VAT return. Get a list of the relevant transactions from Xero and then when you run the VAT return in Sage, choose Adjustments from the VAT return screen before setting reconciliation flags. Add the net and VAT amounts to the appropriate boxes.

Alternatively, if you only have a few items or they are large value, post them into Sage with their original (last year) dates and adjust your opening balances so they are not double counted.
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