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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> How to key CIS Sub- contractor INVOICES into Sage
Post Info TOPIC: How to key CIS Sub- contractor INVOICES into Sage
Cheshire


Master Book-keeper

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How to key CIS Sub- contractor INVOICES into Sage
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Hi

I have an invoice from a sub-contractor who is CIS registered. His invoice is for £280 in total. Ive calculated the tax to take off at £56 so we have paid him £224.   How do I enter his invoice?  Am having brainache as keep thinking if I enter it at the original £280 then how will his account be cleared? 

 

PLEASE HELPPPPPPPP

 

 



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
FoxAccountancyServices


Expert

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Hi there

You enter a sales invoice for £280

When you pay him, you create a credit note for £56 and you post this to PAYE 2210.

If you prefer, you can rename "National Insurance" to CIS and post the credit to here.

Then, when you do your PAYE at month end, you can move the CIS being included in that particular month to PAYE 2210. This allows you to plot whats owing for CIS and should balance the 2210 account, to match the amount that will be made by bank payment.

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