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Post Info TOPIC: Insurance VAT payment
tonys


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Insurance VAT payment
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Hi,
I am working on sage and have received a bill to pay the VAT on a vehicle repair from an insurance company.  As we are VAT registered they have told us we must pay it than claim it back.
Any tips on how to do this on sage as you cannot do a bank payment direct into the VAT control account?

Thanks,

Tony.


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Jymlyn


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Hi Tony

I have had this happen to a client of mine - using SAGE all I entered was a bank payment - using nominal code 7301 for repairs and servicing, enter a 0.00 in the net column and entering the VAT amount in the VAT column, then save.

Hope this helps

Kind regards

Lynda

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tonys


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Thank you will try this now!!

Tony.

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Stardoe


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Hi Tony,

I did this in a similar way to Lynda, but entered an invoice with 0.00 in the net column and the VAT amount in the VAT column. Has the same effect.

Pauline

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Pauline
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