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

V8 used to show the "details" of the VAT Return Box 9 as "Purchase Pay" but V14 shows it as "Purchase Inv" and yes payments are recorded in V8 and invoices in V14. Why the change? Both are set up to use "VAT Cash Accounting".

Hope someone has an aswer for this one as it makes a difference when invoice date and payment date are in different VAT quarters.

Regards

Well, just thought I would post the answer.

Its all down to VAT Note 731 from several years ago which changed how things were recorded. The note is quite explicit that you cannot use "Cash Accounting" scheme for these boxes on the VAT return and have to use the invoice value and date. Pity I do not ever recall receiving 731 and only began looking into this when belatedly upgrading to V14. And what of Sage, surely they should have sent out an update for something so fundamental?

As said before only a real problem if an invoice/payment time spans two vat reporting periods. But if it does then is there a way round not knowing the
invoice value in Sterling until it has been paid?

Regards

They did updates, they are available to anyone on SageCover