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HELP WITH CLEARING VAT TRANSACTIONS
Posted: 18 Apr 2011, 18:02
by budgie1979
Hi
Hope someone can help me
I have some old VAT transactions from 2009 that I cannot reconcile, it says no transactions for that period, I think I may have forgotten to do the year end in 2009
i hope someone out there can help me
Re: HELP WITH CLEARING VAT TRANSACTIONS
Posted: 19 Apr 2011, 08:26
by leyburnsolutions
Not running a year end wouldn't affect the reconciliation.
If you go to Company -> Financials and have a look at any of these transactions, what appears in the 'VAT' column?
John
Re: HELP WITH CLEARING VAT TRANSACTIONS
Posted: 21 Apr 2011, 10:38
by brucedenney
I suspect the transactions are reconciled or do need to be.
If you look in the Audit Trail at those transactions, do they have an N in the VAT column?
The main legitimate but strange reason for very old transactions being retained in Sage is because they are not part of a completely paid chain. If customers just top up their accounts and never completely pay them, then you end up with huge long chains of transactions with no neat ends that can be finished off and removed. So whilst the transaction is paid, the transaction that paid it is part allocated to something that is part paid and so on ending up in a loose end as a result of which the whole chain is retained.