Postponed VAT Accounting in Sage 50 Accounts V24

Question

Hi Folks, 
 Really hoping someone can help me here. Is there anywhere that I can find out how to set up tax codes and to post transactions for Postponed VAT accounting. I am aware the the cloud version does this pretty much automatically for you but not as straight forward in V24 it seems. 
 Thanks in advance, 
 Darren.

Andy Rickeard · Answer

Hi Darren,

Thanks for using Sage City.

There is a workaround for this, but it involves setting up new tax codes, running reports and then transposing figures to your return, you can read about this method here >

I would suggest that updating to v28 may be an easier route. There's a further consideration in that from late Spring 2022, to maintain access to Sage 50 Accounts or Sage 50cloud Accounts you need to upgrade to v26.3 or above, there's some more information about this here >
Kind regards

Andy

Sage UKI

Sage 50 Accounts

Postponed VAT Accounting in Sage 50 Accounts V24

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