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Post Info TOPIC: How to process a small refund from HMRC
LKH1982


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How to process a small refund from HMRC
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Hi, I wonder if someone could help me with what is probably an easy query!

I use Sage Instant Accounts to keep the books for my company - I'm a bit new to all of this but muddling through -we do have an accountant who can clear up any mess I make, but I don't want to keep bombarding her with questions.

We have had a very small refund from HMRC (only £1.55) of interest owing to us from last year's accounting period. I'm not sure how I go about logging this on Sage. Can anyone help please?

Also, as I think I need a bit more knowledge I want to complete a bookkeeping qualification - is there one in particular that I should go for? There seem so many when I search online. I would like to do some general self-employed bookkeeping work in future, and would like to have the right credentials to show my clients.

Thanks everyone in advance of your help



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Robert Pearce


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LKH1982 wrote:

We have had a very small refund from HMRC (only £1.55) of interest owing to us from last year's accounting period. I'm not sure how I go about logging this on Sage. Can anyone help please?

 You could post it as a bank receipt to the 'interest receivable' nominal code.



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
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