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Post Info TOPIC: posting journals in sage
Stef


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posting journals in sage
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hi I am new to this forum

need help to post a jounal in sage

i have a accountancy bill from 2009 to enter in sage

the bill is been paid from  family not from business account

fee                      £1260
Vat at 15%         £189
Total                   £1449

can anyone help me?

Stef

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MarkS


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Hi Stef

Journal is

Dr Accountancy (P&L)  £1260
Dr VAT (BS) £189
Cr Capital Introduced (if sole trader/partnership) or Directors Loan (if Ltd Co) £1449

Regards

Marks

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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Stef


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Hi Mark


Thank you very much for your help

Love the forumbiggrin

Thanks

Stef



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Stef


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Hi Mark

thank you for your answer yesterday

any help for the correct tax code for those transacions and which is the correct nominal code for capital introduced

thanks

Stef

-- Edited by Stef on Tuesday 15th of March 2011 11:13:44 AM

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MarkS


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Hi Stef

Tax code should probably be T1 (standard rated) but you might need to change the amount of VAT calculated if it is set up at 20% as the journal you refer to is only at 15%.

Normally would use 3xxx for capital introduced and set up in the chart of accounts in the capital & reserves section

Regards

MarkS

__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Stef


Veteran Member

Status: Offline
Posts: 32
Date:
Permalink Closed

Hi Mark


Thank you  again


Stef

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