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Post Info TOPIC: URGENT: Reconciling Sage 50 VAT return... to flag or not to flag???


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URGENT: Reconciling Sage 50 VAT return... to flag or not to flag???
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Hi All,

 

Hoping someone can help? ... and I'm looking for a quick answer! ... hopefully!

Please can someone explain simply what it means when you want to reconcile the VAT return

and it asks... Flag transactions for VAT??? ... YES or No ??? confuse

I'm stuck and don't know what to opt for...

 

Many Thanks... smile



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gbm


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Date:
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Flagging the items means that they don't get picked up on the next return.

I would flag, otherwise when you do the next return, you will effectively be looking at 6 months transactions.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
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Thank you!!!

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