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

Hi,
When i think i ve got it something else comes up....Help,please?
How to post entries by journal plus if i vat registred.Used 2 private bank accounts before business acc was open...now we want to take all the money out(mean personal money)all receipts we have
What TAX code should i use if i post the whole sum from
3102....capital intrd......cr...What tax code?
5000.....purchases........debit......What TAx code?
2201 ....Control acc.......debit......What Tax code?
I can not run month end and VAT (ther are 4 warnings,)i used T9 for end of mont procedure...
Or should i post it differently....?Seems that books does not cover such it..
Very appreciate any help ...
KInd Regards

Sorry, you need to be clear on what you are trying to do.

Is this an expense claim?

Which is not going to be paid but instead shown as capital introduced?

Hi,
Yes, it is an expenses claim and i want my private funds to be repaid back.
what I decided to do …can you please confirm it would be right?
I opened a new bank account (2301) as you suggested earlier and just paid all expenses from it when where used private funds to pay business expenses. Then just wrote a cheque from business acc to repay myself till negative sum on 2301 bank will be =0 Then i will probably delete 2301 as buisness account will be used from now on.
One more question, why I do get warnings when I post some transaction with code T9 that they are not included in a vat return (I never wanted to...)
THank you!

Not sure why you get warnings on the T9 transactions.

T9 is only used for transactions outside the scope of VAT.

A lot of transactions that have no VAT on them are still inside the scope of VAT and go on the VAT return. Transactions of type T0, T2, T4 and T7 all need to go on the VAT return even though they have no VAT.

Can you say what the transaction was that caused the warning?

Hi,
Thanks for your help!
Seems every transaction I used with code T9 appeared as a warning message through file maintenance…for example transaction 111 uses code T9 is not currently being incl.in the VAT return...This transaction actually is a net wages to a sub-contractor
(I set him as a supplier and then I use bank account and pay him by cheque on invoice and it always Net Wages so I use code T9 as there is no VAT involved then we become registered for Vat since January till then I used code T9 for expenses we paid as we cannot claim VAT on it and they are appeared as well as a warning message as above. Should I been using T0 or T 2 instead?