Setting up nominal accounts


We are moving on to Sage 50. I have set up the nominal codes and Chart of Accounts. In Sage cloud when we set up the nominals you could enter a default VAT rate. I cannot see where to do this in Sage 50 Professional or find any information in the help guides. Maybe you don't but it seems odd you can in cloud and not this version. 

Any help would be much appreciated.

  • 0

    Hi Lara,

    Thanks for using Community Hub.

    Sage 50 Accounts approaches VAT differently to Sage Accounting. Rather than associating the VAT Rates with the nominal codes, in Sage 50 Accounts, you can set up tax codes by customer, supplier and product. The defaults used when you create new records can be seen / adjusted in Settings > Customer Defaults / Supplier Defaults etc.

    There's an area of the Help Centre dedicated to VAT and tax codes, you can access it her: VAT Help >

    If this helps, please click Verify Answer.


    Sage UKI