I Have Recently bought a new commercial vehicle. I paid the VAT as a deposit. How do I put in the purchase invoice to claim the vat payment in 1 quarter.
also how do I allocate the payment to show the vat side of it has been paid?
regarding payments…
Hi all,
An asset was wrongfully created with 'Template' as holding type and the status of context is showing the calculation red because of it.
Changing the accounting posting does not work because of the holding type chosen originally - it gives…
Hello, we have a uk customer opening a warehouse in Poland. They have a polish Vat and EORI number. We will be shipping goods on ex works basis, VAT free. Their courier will be picking up from our UK warehouse and handling the shipment and export documentations…
Hi All,
The Business Period Reform changes for unincorporated bussinesses coming through from 2024/25 tax year appear complicated for Sole Traders and Partnerships whose year end is not 31st March, or 1st to 5th April.
For example a Sole Trader business…
Hello, I am trying to get data about transactions made per account between dates and get information about related documents with transactions. Payable and receivable. So I need Purchase Orders and Sales Orders documents etc. What I know / discovered…
Hi,
Im just wondering please if there is a way where we can run a balance sheet report which will seperate into restricted, unrestircted and endowment funds?
Hi,
What are the basic 'do's' and 'dont's' of CIC transactions?
I've got a prospective client who is a CIC and I need to quickly understand how their business should operate, that is significantly different from normal businesses being run for profit…
Hi All!
We're using Sage X3 in the US but I think this question would apply across all continents! We have been trying to build out a process for Chargebacks where Debit Notes are created that post against the AR account. Here's the scenario we have…
Could you advise which tax code I on Sage for DRC on purchases. I use the T21 on sales but unsure which one to use on the purchase side of things?
Thank you in advance.
I've just discovered this community hub and I'd love to know what you all like / dislike about it? Also curious about what kind of questions I can ask here - Please let me know what you've gotten help on through this community hub before
Do I need an actual firm of accountants to file my yearly business accounts? I do my VAT and everything I need for my business on Sage but then it costs fortunes for the Accountant to submit the end of year accounts. Thank you
Have you heard about the recent "Close the Books" survey from Sage? It’s quite exciting! We conducted a worldwide survey involving over 1,000 finance professionals to uncover trends and insights on achieving faster and more accurate financial closing…
Hi
I've set up a service code on Sage50 to allow me to order regular service items with an official PO.
The process works fine however the description of the service does not print out onto the PO.....the service product code appears along with…
Payroll compliance is a critical aspect that HR and payroll professionals must prioritise.
Ensuring compliance safeguards not only the payroll team, but the entire business from potential penalties resulting from non-compliance.
Equally important…
Hi
We currently have SBC for our main trading entity. We have just set up a new legal entity and we need to create it in Sage Business Cloud. My assumption is that I have to set up a new business cloud subscription for this entity but is there a way…
Hi All
I know MTD (Making Tax Digital will come into effect in a few years, I'm still apprehensive. Has any other accountants looked more into this and have any advice.
Thanks
Faith
