Sage????
A-Vic
Registered Posts: 6,970
Am having a grr of a moment just doing a tesco bag vat last min job now the problem i have some invoices that were put in as cash sales when they were ment to be cash purchases.
So ive taken them off and re-entered them as purchases however the vat liability has gone up has anyone come across this before ? and what did they do to fix it?
So ive taken them off and re-entered them as purchases however the vat liability has gone up has anyone come across this before ? and what did they do to fix it?
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Comments
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Hi,
Have you definatly taken them off and have you used the correct date's0 -
I don't know what version of sage you are on.....but can you not check what has gone on,in the Nominal Code for VAT?0
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Are they due a vat refund in that quarter? Only thing that would make sense if the value has increased.0
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Are they due a vat refund in that quarter? Only thing that would make sense if the value has increased.
Nope i did think that id put it in wrong but the liability was 4401 and the correction was 801 but now shows 5201
I think am gonna have to get in contact with sage, weve had so many problems since updating v15 instant accounts0 -
Well 801 is the difference between the two figures.....if you take roundings into account.....so it does look likely to be something to do with the correction. Walk away...have a coffee then re check the correction that you have done. Was the 4401 the liability with the invoices in as
sales? if so it should be 4401-801 =3600 or am I going toodle pip!0 -
Well 801 is the difference between the two figures.....if you take roundings into account.....so it does look likely to be something to do with the correction. Walk away...have a coffee then re check the correction that you have done. Was the 4401 the liability with the invoices in as
sales? if so it shpuld now be 3600.00 or am I wrong?
Yep exactly they way i did it manually - am off for a coffee and a slice of something loaded with calories bbs0 -
Could it be to do with the 15% - 17.5% thing if your using the standard T1 VAT code?
Probably not, just a thought.0 -
Just another thought,
4401 - 801 = 3600
3600 + 801= 4401
4401 + 801 = 5202 rounding could be 5201
Could it be that in sorting it you entered it twice as a sale and once as a purchase?
I say this as this something Ive done in the past.0 -
Jow you were on the right lines but am baffled why it did it
on v15 instant accounts there is a corrections tab and for some reason when using this to delet the entries it did delet them but also re-entered them at the bottom of the page?????0 -
isnt sage wonderful !!!!anyone tried doing a cashflow using sage.......it awful ?0
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Jow you were on the right lines but am baffled why it did it
on v15 instant accounts there is a corrections tab and for some reason when using this to delet the entries it did delet them but also re-entered them at the bottom of the page?????
How did you delete the transaction? it sounds like you've either reversed a transaction, or edited it rather than deleted it.
Does it say 'deleted - see transaction #'?0 -
I think you need to look at Financial and the Vat accounts, work out exactly what transactions male up the balance.0
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Did you get anywhere with this A Vic?0
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we know what happened but not sure why0
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I think it deletes the previous transaction then records the deletion in the audit trail.
It doesn't come out of the expense twice does it?0
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