How does everyone else reconcile the HMRC Postponed Import VAT statement with their own Sage Line 50 records please?
How does everyone else reconcile the HMRC Postponed Import VAT statement with their own Sage Line 50 records please?
Hi Sanne,
Thanks for using Community Hub.
The default tax code for postponed accounting is T18. You could run the Detailed VAT Report and use that to reconcile. The following article explains how T18 affects the VAT Return: Automatic postings of Postponed Accounting >
I'll leave the thread open in case anyone else has any tips or methods to share.
Regards,
Andy
Sage UKI
*Community Hub is the new name for Sage City