* How to post a bank payment in Sage (directly from the bank to the nominal code, without going through the purchase ledger module): From the Bank module, ensure that you have the appropriate bank account highlighted (normally in blue) – although this can be over-written with a different bank account, click the ”Payment” icon/button near [read more]
Recording Supplier Payments in Sage*How to input record a Supplier Payment in Sage: (This is to match payments made to suppliers to the invoices on their account in the purchase ledger module) From the “Bank” module, click on “supplier” – which is usually a “button” icon near the top. A pop up window entitled “Supplier Payment - [followed by the name of the [read more] |
|
Recording Customer Receipts on Sage*How to input record a Customer Receipt in Sage: (This is to match payments received from customers to the invoices on their account in the sales ledger module) From the “Bank” module, click on “customer” – which is usually a “button” icon near the top. A pop up window entitled “Customer Receipt – [followed by the name of [read more] |
Inputting Purchase Invoices and Credit Notes in Sage*How to input a purchase invoice in Sage: From the “Suppliers” module, click on “invoice” – which is usually a “button” icon near the top. A pop up window entitled “Batch Supplier Invoices” should appear. For each purchase invoice, input as follows (tab between fields): A/C – this is the Supplier Account reference, if you do [read more] |
Inputting Batch Sales Invoices and Credit Notes in Sage*How to input a batch sales invoice in Sage: (This is for invoices and credit notes generated outside of Sage) From the “Customers” module, click on “invoice” – which is usually a “button” icon near the top. A pop up window entitled “Batch Customer Invoices” should appear. For each sales invoice, input as follows (tab between [read more] |
 VAT Margin Schemes and Accounting Software*Unfortunately, mainstream accounting software (such as Sage, Quickbooks, Tas and so on) generally do not handle the VAT Margin Schemes automatically). There are “bolt-ons” and modules available – at a price – for some of these packages, which will handle the VAT Margin Scheme and the required stock book. These tend to work best if [read more] |
 The Difference between Zero-Rated VAT, VAT Exempt & Out of Scope of VAT*There is sometimes confusion over what the difference between Zero-Rate VAT, VAT Exempt & Out of Scope VAT. Zero-Rate VAT items, such as books, childrens clothes and some food, do have VAT on them, it’s just at zero percent, so the actual VAT is nil. (In Sage, the VAT code to use would be T0). [read more] |
