I am new to this forum and would appreciate any help with an issue I have using an (old) version of SAGE IA (V11).
My problem is I would like the P&L report to be expanded to show a provision for CT after the Net profit and carry forward the profit after provision for tax to the Balance sheet. The contra would be a liability on the balance sheet against Corporation tax.
I would of thought this was a regular requirement but I have trawled the internet to no avail.
Thank you for your help. You are right. I have already set up these codes. However the CT charge on the P&L justs shows up like a regular overhead. What I would really like to see is
eg.
P&L
Gross Profit 100,000
Overheads 80,000
Profit before tax 20,000
Provision for CT 4,000
Net profit After tax 16,000
Balance Sheet
Liabilities CT 4,000 P&L 16,000
However this seems to be beyond capabilities of SAGE IA !! It means a bit of manual adjustment.
What I suggest you do then is export the Sage P&L to Excel/Spreadsheet and then manually manipulate the CT figure to below the Profit figure - you get the end result you need without worrying about manipulating Sage itself :) probably saves you some time as well.
Thank you for your continued help. I tried exporting as you sugest. It may be the fact that I have an old release of Sage IA but if you print to "File" the .csv file produced seems to ignore signs. Therefore negative values appear positive.
I will however experiment more and let you know if I come up with a quick & simple process.
