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Post Info TOPIC: Supplier settlement discounts in Sage
Kirsty J


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Supplier settlement discounts in Sage
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Hello all,

I am brand new to this forum and am hoping that someone can help me.

I am inputting supplier invoices into Sage that have a discount attached to them. The VAT amount is as if the discount is going to be allowed (which I know to be correct from my studies), and I know how to do it manually, but I have no idea how to do it on Sage.

I have a feeling I'm over complicating things in my head so if anyone could give me a nudge in the right direction I'd be very grateful.

Thank you

 

Kirsty



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semsley


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Not quite sure what you are asking but think you mean how do you record the reduced VAT in SAGE - if this is so you just change the amount in the VAT column leaving the rate at 20%.

HTH

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Julie Hall


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I agree you just need to adjust the VAT amount and leave it on T1 20%.

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Julie
Kirsty J


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Posts: 26
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Hi both,

Thank you so much. I had an inkling that's what I was to do.

Thanks again.

Kirsty

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