Sage 50 Accounts

Hi everyone, We get supplier invoices from within the EU. We are supposed to put these on Sage using a Reverse charge VAT code. As they are coming from the EU they are also supposed to appear in the value of the invoices in box E2 in the VAT Return…

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…

Hi. I am trying to reconcile my VAT however have a difference between the total of NC 2200,2201 & 2202 and my VAT return outstanding at the time of TB being run. I have checked payment postings and all is correct (I thought a mis posting threw it out…

Our annual VAT bill is likely to be in excess of £2.3m a year. We currently submit monthly VAT returns but wish to file a quarterly return - will this be possible?

Good afternoon, I wonder if you can help me. We have a customer in Northern Ireland who we deliver goods to. When I ran VAT return, the VAT element of those invoices is not on VAT return (it is thought included in TB-2200), therefor I always have a…

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…

I have been instructed to change the accounts system from Cash accounting to Accrual accounting. Has anyone done this before and/or have any words of advice? I've read the instructions but would value personal opinions / advice if possible. This is an…

Hello, I currently use Sage Instant Accounts and need to change a nominal code Vat rate as it is currently excluding this transaction from the VAT calculation, is this possible? It’s code 0050.

Hi have had a new computer which is windows 11. since having the windows 11 computer am unable to run a vat return - when choosing transactions for the vat return the computer either freezes or drops out of sage can run the vat return on other computers…

I can't find a reconciliation report to show the RC Vat collected in the T21 vat code. Is there one? I dislike not being able to 'prove' the VAT return is correct and without a means of generating a report to show what was processed under T21 I can't…

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…

I have created the following journal (simplified here): Dr Cash Account-€123 T9 Cr Sales NC 4000-€100 T1 Cr Sales vat control NC 2200-€23 T9 When I run the VAT return the VAT on T1 is not showing but it is showing value of sales excluding VAT…

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…