SageForum for UK versions of Sage 50- Help and support.

Many thanks for the explanation this makes sense and I am now using it. This has saved me a packet not having to update to a new version. Thanks again.

In Ireland when a sub-contractor who is registered for VAT issues an invoice for services to the principal contractor who is also VAT registered the VAT reverse charge system comes into play.
I know that Sage 2009 and onwards has the facility to account for this procedure however, can anybody please ...

All you need to do is make a note of the entry number of the duplicate entry (This should still be in your list of items yet to be reconciled). Then go into FILE, Maintenance , corrections, scroll until you find the entry and then click on edit and then either cancel or reverse and then save it and ...

If youjust go to the Maintenance and find the transaction number it relates to and then Edit, and Delete. This will then take it off the account all together (it will show up in red type face when deleted) and you can then input it again to the correct account.

Hope this helps>

Hi Bruce,.

Having slept on the solution I now fully understand your explanation and I have now included the additional Journal entry of the Loan repayment (J Bloggs) and then paid the bank payment also to the account and all is now well. Once again thanks for the solution much appreciated.

These are the figures I used recently:

DB CR
Db - 7000 Gross Wages 29992.45
Db - 7006 Employers PRSI 2833.29
Cr - 2211 PRSI ER & EE 3580.16
Cr - 2220 Net Wages 26603.49 (This includes The Amount of repayment each month from Employee)(Non Allowable)
Cr - 2210 P.A.Y.E. 2642.09

Totals: 32825.74 ...

Thanks it is getting clearer now. Each month the bank A/C shows a payment out to the loan account at the bank of the employee of €660. The employees payslip shows his NET pay (which is MINUS the repayment). The Non-allowed portion is this repayment. I then add the non allowed amount (repayment) to ...

Thanks Bruce, I understand what you are saying but if I may clarify the situation.
The Payroll package I use (not certain if I am allowed to mention the name)monthly summary shows the monthly repayments of the loan from the NET wages as Non Allowed deductions and subsequently if I then add this ...

My monthly journals are as follows:

Db Gross Wages
Db PRSI (Employer)
Cr PRSI (Employer & Employee)
Cr Net Wages
Cr PAYE

Hope this helps

A member of staff received a loan from the bank on the proviso that the repayments were made through the employer. The staff member is to have the weekly deduction taken from his NET salary figure by the employer and the repayment to the lender will come from the employers bank account (The bank ...

Many thanks for the help Bruce, I do have Accountant Plus and have now managed to correct the issue and am now into this year. Problem solved, thanks.

My first years trading commenced on 01/07/09. However my Accountant decided that the first submission would be for 18 months (31/12/2010)

He stated that I should continue inputting data and then do a year end as at 30/06/2010 and start a new year from 01/07/10 but end it on 31/12/2010 (6 Months) I ...

I use Nominal 7000 for this as it then shows up on the P&L. Obviously you would then add it back for your final end of year accounts.

Thanks for the clarification. It all works out now, thanks again what would we all do without your help?

Thanks for the help. At last it has all worked out and I can sleep again.