I'm trying to submit a VAT a return but need some clarification and would really appreciate any help.
I'm not sure where to record the payment for tea& coffee which our company pays additionally to office rent.I was thinking about Refreshments(8205) is that correct?
Secondly we were charged some administration fees would this be a miscellaneous expense(6900)?
Finally,the Computers and software account confuses me a bit.Is it strictly for computers,laptops,notebooks etc or other peripheral devices i.e keyboards,external DVD's,printers etc too?
Yes, I would post tea & coffee if used solely in the office to Refreshments. With regard to the administration fees, it depends on what they are for. Are they expenses? If so they should go under a 7xxx code rather than 6900 which is a cost of goods sold account.
The computers and software account can be for anything computer/software/peripherals....entirely depends on you really. Don't forget you don't have to adapt your business to fit Sage, you should adapt Sage to fit your business, so you could change the COA to fit to what you want.
I have got three separate codes under 75xx for Small office equip/misc office - Computer software and Licences - Computer and printer consumables. Depends on how much detail you want in your accounts.
