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Post Info TOPIC: Corporation Tax Instalments in Sage
bookkeeperSA


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Corporation Tax Instalments in Sage
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Please help if possible as this is all new to me...

 

I have completed my first end of year with sage and had a bill of corporation tax to be paid, I have set up a direct debit to pay the amount on a monthly basis. How do I record the monthly payments on sage is this a journal entry ??



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matt123


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There should be a corporation tax liability to journal the payments against.

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Matthew
Cheshire


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Hi Kerri
Or instead of journalling as Matt suggests - key as a 'payment' from the Bank module and key to the Corp Tax liability nominal code, each time the DD is paid (as you would say Bank charges etc)



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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
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