I've just taken on my first client in the construction industry and am dealing with CIS for the first time :-/
The way I have done this is to post sub-contractor invoices as normal and then post a credit note against the invoice for the CIS deduction. I've set up separate nominal codes for each subby on the Balance Sheet so that it's immediately apparent exactly how much CIS deduction needs to be made against individual subby's rather than having one nominal account for total deductions.
My question is this... are there reports I can run in Sage that would simplify the job of producing CIS deductions statements?