Sage Accounting - Corporation Tax Journals

Hi Everyone,

I'm new to Sage Accounting and want to post my year end corporation tax journals. I looked at the help section; https://help.accounting.sage.com/en-gb/accounting/tax/extra-corporation-tax.html?Highlight=corporation%20tax

However, the help section seems a little odd to me, i.e. all the journals are posting the balance sheet. The help section does not show a journal posting to an account in the 9000 range for the corporation tax charge and I can't even see a default account in the 9000 range. Does anyone know if the help section above is wrong? I expected to be posting Dr Corp Tax Charge 9000 (account range) Cr Corp Tax Liability 2150 but this journal isn't listed in the help section above. I assume I must be missing something as I'm new to sage. Can anyone confirm if the help section above is wrong?

Thank you!

  • 0

    Hi Johnathan, 

    Welcome to Sage Accounting and Sage City! Great to have you here. 

    I've read through your question and the article. The nominal code itself doesn't necessarily have to stay the same as the examples given in the article. You can change the code if you like through the Chart of Accounts. Ultimately the code has no impact on where your journal will show in reporting, instead it’s the category that determines where it appears on your balance sheet. 

    I hope that helps you. Let me know if you have any other queries though! 

    Have a great weekend,

    Dane
    Sage UKI