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

Still struggling with, this can someone please explain step by step, was my journal entry correct

Many thanks

Many thanks as always

Just to recap the reverse journal

4003 T1 Cr 701.11
4003 T9 Dr 701.11

and sage will unclaim the vat on the next return ?

Hello

Just noticed that I claimed VAT on an invoice dated 28/10/2015, when it should have been T9, how do I correct please

Many thanks

thank you so much
x

Sorry to be a pain but I can't seem to get this journal to work, could you please explain step by step for me

many thanks

Many thanks for your help always appreciated

many thanks

What will happen to the VAT
I am just journaling between the two nominal codes 5000 & 5773. I take it I don't do anything with 1220

Thanks

Hello I noticed that I had entered a supplier payment to the incorrect nominal code and need to correct, however, a window pops up with " This transaction has been allocated against a receipt and VAT calculated, therefore this change cannot be allowed" How do I change it please from Nomina...

Hi Bruce

ok noted. I have posted the 25K to the suspense account. At a later date will I need to move it from the suspense account ? when I do year end ?

many many thanks for your patience, it's very much appreciated

Hi Bruce

If I post the 25K in this instance against each nominal code it will throw my budgeting figures out for this financial year, I have decide to post the 25K as one transaction against 1104 inter company debtor, with a note explaining.
Hope I am doing the right thing?

Many thanks

Hi Bruce

last question - but won't that give a false expenditure for this years accounts as I will be crediting each nominal code for purchases made last year ?

Many thanks

Hi Bruce Many thanks for your help You could enter the receipt against the same nominal code as you originally entered the purchase, this is probably the most straightforward. - This is exactly what I would do but remember due to too many temps altering the COA, I closed off the 2013-2014 accounts a...

Hi Bruce A "Private Office" means that I work for a HNWI (High Net Worth Individual) running their household- they are not a business The bank receipt is payment for purchased made in the previous financial year from OFFICE A for goods purchased, we are being reimbursed for the cost of the...

Hi Bruce

Thanks for your reply

It is a bank receipt credited to the bank account on 05/05/2015 for purchases made in the pervious financial year


Please note we are not a business we are a private office

I need to know how to post it, which nominal code

Thanks

Well it depends. . . . If it is a bank receipt and it was not included in last year accounts then, you could just include it in this years accounts on the first day of the year, providing it is not a significant amount. Our financial year runs from 01/10/2014-31/09/2015 so I received the bank receip...