I have never used Pro Forma invoicing in Sage 50. I understand that the tax point is the date the invoice is paid or the date the goods are delivered - whichever is the earlier?
Can anyone confirm this is correct? I can't find much info on the Sage support site.
Also if I raise a Proforma and send it to my Client - do I post it to the ledger or leave it unposted until the date it is paid or goods delivered. If I do not post it in Sage I presume I would just change the date to either payment or goods delivered. I am a bit confused here unless Sage retains an ability to change the date on a Pro Forma posted invoice ?
Quick one just on the VAT angle, for now, sage will not give such VAT advice. Far too clamp lex a subject matter for them. Diff rules for goods and services. Have a look at the VAT guides specifically on tax points.
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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
