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Post Info TOPIC: Nominal code for Corp Tax
PookiePie


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Nominal code for Corp Tax
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Hi

Does anyone know what nominal code to use/create in Sage 50 for DR Corp tax?  CR has gone to 2320

 

Thanks



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MarkS


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Default one is 9001 but you can really use any providing you put in the taxation section of the profit and loss ac in the chart of accounts

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.
PookiePie


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Hi

Thanks Mark, would 2212 be an acceptable code?



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Figurate


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No, 2212 is the "balance sheet" range of codes according to Sage's logic (which is where you are already posting the Credit/Liability). I'd go with something in the 9000 range (and make sure that it's included in the chart of accounts). As Mark has said, 9001 is fine.

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