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Post Info TOPIC: VAT payment and Closing stock in Sage
Alia


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VAT payment and Closing stock in Sage
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Hi to all there!

I have this exercise (home studing) full of invoices, etc and then do 3 VAT Returns, quarterly. I did, but my numbers in second quater are different than in answersconfuse. I check all invoices again ane wether I posted everything correctly, but numbers still differ.... Any Ideas at all? Maybe I should do the year end first....?

And any ideas how does one do closing stock in sage...? I know it's via journal, but (shame to admit) nothing more.

I will be greatful for any help aww



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Alia
Alia


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actually I put wrong date in one invoice.... :(I thought make it up in correction will be enough, but apparently is not. But second question still open, pleas :D

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Alia
MarkS


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To incorporate closing stock it is

Dr Stock (Balance Sheet)      N/C 1001

Cr Closing Stock (P&L)                             N/C 5201

 

Regards

Mark



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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.
Alia


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thanks. :D

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Alia
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