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

cannot find where to change this for manual bank payments and receipts, not cash transactions. Version 18.1.0.20

Anyone help?

The default tax code of bank transactions is always T9 (outside the scope of VAT) as the VAT is accounted for on the invoices they pay.

There is an exception to this which is when you use VAT Cash accounting, in this case the VAT is accounted for when paid or received. In this case the Tax code is set to match the items that you pay.

If you make a payment on account on cash accounting it does offer you the choice to set the tax code, if it doesn't match the invoice though, you will not be able to reconcile the items.

brucedenney wrote:The default tax code of bank transactions is always T9 (outside the scope of VAT) as the VAT is accounted for on the invoices they pay.

There is an exception to this which is when you use VAT Cash accounting, in this case the VAT is accounted for when paid or received. In this case the Tax code is set to match the items that you pay.

If you make a payment on account on cash accounting it does offer you the choice to set the tax code, if it doesn't match the invoice though, you will not be able to reconcile the items.

Surely that only applies to Sales Receipts and Purchase Payments, not Bank Payments and Bank Receipts as per the OP which, I believe, take their default tax codes from the Customer & Supplier Defaults...

John

Thanks John

I must read the questions better.

So, I am not a customer or a supplier and cash accounting is not in use. Where do you change the default tax code???

Settings>Customer Defaults>Std Tax code
for bank receipts and
Settings>Supplier Defaults>Std Tax code
for bank payments

thank you