Beneficial Loan



Can sage use the precise method for calculating the BIK for loan?

  • 0

    Hi Maria,

    Thanks for using Sage City Slight smile

    Sage 50 P11D can't be set to calculate loans automatically using the precise method. You can workaround this and enter precise method values, although this would require some manual entry of figures.

    To workaround you could run the Beneficial Loans Daily Method Report in Sage 50 P11D to calculate the amounts, then enter the values from this as an override. To access that report:

    1. Select the required employees.
    2. Click Reports.
    3. Scroll down to Beneficial Loans Daily Method Report and run this.
      If your reports aren't already in alphabetical order, click the Description header to re-order.

    If you'd like to find out more on overrides, visit our guide how do I set up a P11D override? >

    If this has answered your question, please click Verify Answer.


    John Howells
    Sage UKI