Need more, need help now?
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals

Sage 50, 2008 VAT question

Sage 50 general help forum - Free help and support for all general issues
Post Reply
sig
User
User
Posts: 6
Joined: 22 Nov 2008, 20:05

Sage 50, 2008 VAT question

Post by sig » 22 Nov 2008, 20:21

Buy extra beds on credit from Alexandra who offer 10% discount for early settlement – you intend to take the discount.
Full pre discount invoice total is 1157.50.

How should I record this transaction?

I know it is customers>Invoce

I don't know what will be the Net figure, Vat figure, and how do we record the 10% discount?

Thanks for the help :roll:
Top
User avatar
brucedenney
Site Admin
Site Admin
Posts: 4664
Joined: 28 Feb 2006, 09:56
Sage Version: v30 UK/Europe/Africa

Post by brucedenney » 24 Nov 2008, 15:18

Settlement discounts are calculated as being discounted and then interest charged if the prompt payment discount is not taken.

£1000 bed less 10% discount = £900
plus VAT = £157.50
Total £1057.50
Late payment interest (early payment discount £100)
Total £1157.50
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.
Top
sig
User
User
Posts: 6
Joined: 22 Nov 2008, 20:05

Post by sig » 24 Nov 2008, 17:04

brucedenney wrote:Settlement discounts are calculated as being discounted and then interest charged if the prompt payment discount is not taken.

£1000 bed less 10% discount = £900
plus VAT = £157.50
Total £1057.50
Late payment interest (early payment discount £100)
Total £1157.50
I can't even say how grateful I am. :cry:

Brucedenney you are my savior.

Cheers MATE.
Top
Post Reply

Return to “Sage 50 UK version General Help”

Who is online

Users browsing this forum: Amazon [Bot], Google [Bot] and 32 guests