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Problems with Sage and correcting a Posted VAT return

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
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bluealf33
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Joined: 19 Jan 2011, 11:36
Sage Version: V10 UK/Europe/Africa

Problems with Sage and correcting a Posted VAT return

Post by bluealf33 » 19 Jan 2011, 11:53

I am hoping someone can help/advise me as need to do VAT return with HMRC very soon and I have made an error.

I was doing the VAT return via Sage and have saved, reconciled and posted an incorrect quarterly VAT return (I have identified the culprit transaction with a T0 code instead of a T9), I only realised that the figures were incorrect when filing the return with HMRC and it said figures were wrong. I do not know what to do to gain the correct figures and correct Sage, I have searched Sage to see how to undo my VAT return for this quarter and start again with no success, I am unable to put through an adjustment and do not know what to do from here as I certainly don't want to make the situation worse.
I seem to have made a right mess of this quarters VAT return and do not want to get in trouble with either my boss (for messing up his accounts) or HMRC (for fraud!!)... I am really hoping someone can help me. I am considering going back to a previous back up and starting again but I am unsure where to find these as they are saved to the hard drive on the computer and how to identify the transactions I would have to re enter after going back to a previous back up... to be honest I would even need tips on how to use a previous back up.
I have looked at the forum and have not seen a similar post so if this has been covered previously I apologise for asking again, I thank you in advance for any tips/suggestions and guidance I receive to solve my dilemma!!
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bluealf33
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Posts: 2
Joined: 19 Jan 2011, 11:36
Sage Version: V10 UK/Europe/Africa

Re: Problems with Sage and correcting a Posted VAT return

Post by bluealf33 » 20 Jan 2011, 16:17

Hi
Managed to sort problem at work today, loaded on the last good backup and just had to re-input some sales vouchers and invoices, small price to pay for a happy VAT man!! :D
Was easier than I thought to load the previous backup on, just have to look out for ant entries that I may have forgotton.
Problem was caused by two automatic journal entries going through with a T0 code rather than a T9, which made them be included in the VAT return,. Just unsure as to why they have gone through on a T0, will be on the look out for them again though!!
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brucedenney
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Sage Version: v30 UK/Europe/Africa

Re: Problems with Sage and correcting a Posted VAT return

Post by brucedenney » 28 Jan 2011, 17:55

default non Vat tax code in Settings>Company Preferences is set to T9
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