I'm a new user to Sage 50 CIS and have not been able to find out how to record the CITB levy deduction when posting a sub-contractor's invoice. I know this has to be worked out manually, but I then need to record it in order to arrive at the net payable amount. Any help here would be welcome.
Hi, have you found the subcontractor area in suppliers? You will need to ensure you enter as a grossed up invoice and then when you allocate payment it will net down. if still stuck please feel free to email and I will try and go through in more detail info@completebookkeeping.co.uk Donna
-- Edited by Donna CBK on Tuesday 2nd of November 2010 10:33:49 PM
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
Thank you for your reply. Yes, I have posted the invoice gross and you have confirmed what I thought would happen about the tax.
It's just the CITB levy I'm trying to sort out. Sage makes it clear that we have to work this out manually. I've tried posting the levy as a credit note to the sub contractor invoice, but when I try to post to 8200 CITB levy, it advises me that I can't as this is a control account. As there are only four nominal codes available for the sub contractor invoice screen, this can't be the way forward!
If I want to ultimately bacs the net through to the sub contractor, I need to have deducted the levy somehow.
