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Post Info TOPIC: Vat query
Navangi


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Vat query
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Hi

 

Can any one help me??????????no

 

I am using sage and my vat control account is not tallying with my sage return. No clue what to do. spend hours and hours to look for it but cant find were difference is. Please guide me

 

Thanking you in advance

Navangi



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chatcat


Senior Member

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Navangi, it is difficult to know exactly what the problem is without more detailed info.

 

However two things to look at are

1) Could you be using the cash accounting VAT scheme when the business is on the accrual accounting VAT scheme or vice versa?

2) many, many of my problems with Sage have stemmed from giving a transaction the wrong date so it does not show up in the correct period. You can check this by running a search by nominal code for the correct date range, or by searching in the audit trail for the correct date range.

 

I have, many times, wrongly dated transactions for today's date when they took place in the past, or have put the wrong year. 

 



-- Edited by chatcat on Monday 9th of January 2012 02:09:01 PM

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MarkS


Expert

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Hi There

Easiest thing to do is print off your SAGE VAT return detailed report and tick it off to the SAGE VAT accounts to find the difference.

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.
Navangi


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Thanks

But no idea were to check it is very huge account.

My accountant told that current finacial year is ok and must be having problem with previous years. So no clue were to see.

 

Navangi



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leshoward


Senior Member

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Try the T9 transactions with VAT shown - by default, Sage excludes these from the VAT Return, but they are included in the VAT Control Account.

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Navangi


Veteran Member

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Posts: 28
Date:
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Hi 

Some luck found on T9. There is one entry on SR which is in T9 code in 2009.

 

Now what to do

 

Thanks

Navangi



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