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Nominal VATable Payments reversed should be shown a negative purchases in the VAT Return

If you manually reverse a nominal VATable payment, the VAT element shows in Box 1 outputs.  This causes reconciliation issues as Nominal VAT Control accounts disagree with the VAT Return

Saeed Malik
Parents

  • If one is entered in error you can not enter another negative one to correct it! This means that you are forced enter a receipt if you are correcting a payment and a payment if you are correcting a receipt. This put the VAT report out so to solve this you need to complete a VAT journal too.

    I am shocked that SAGE does not allow a correction entry (i.e. a negative payment or receipt) and further shocked that the VAT return is not correct. We previously used fms and this was never an issue!!

    As a large Trust we will need to spend much more time on our VAT returns than we did with capita fms and I though SAGE was going to streamline our processes!

    please advise when this is likely to be resolved within SAGE

Comment

  • If one is entered in error you can not enter another negative one to correct it! This means that you are forced enter a receipt if you are correcting a payment and a payment if you are correcting a receipt. This put the VAT report out so to solve this you need to complete a VAT journal too.

    I am shocked that SAGE does not allow a correction entry (i.e. a negative payment or receipt) and further shocked that the VAT return is not correct. We previously used fms and this was never an issue!!

    As a large Trust we will need to spend much more time on our VAT returns than we did with capita fms and I though SAGE was going to streamline our processes!

    please advise when this is likely to be resolved within SAGE

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