Statutory Accounts with SAGE 50

[maganzo]

How can i use SAGE 50 to prepare Statutory Accounts

[johndon68]

You can produce a Balance Sheet, Profit and Loss and Trial Balance but there is no mechanism to produce statutory accounts as such.

John

[maganzo]

You can produce a Balance Sheet, Profit and Loss and Trial Balance but there is no mechanism to produce statutory accounts as such.

John

Thanks John,
If so,which SAGE accounting software can do the job?

[johndon68]

Sage produce other software for accounts production, further details here: http://www.sage.co.uk/software_and_services/practice/sage_accounts_production.aspx

John

[David Griffiths]

I think that it's fair to say that any tool like SAP will only produce accurate statutory accounts if the user knows what he or she is doing. You have to post your income and expenses to the correct codes, and even there there can be plenty of disclosures required that aren't directly driven by the trial balance.

We use a different product, but frankly there is no chance that an untrained user could get even close to presentable accounts.

[Jenni384]

I think that it's fair to say that any tool like SAP will only produce accurate statutory accounts if the user knows what he or she is doing. You have to post your income and expenses to the correct codes, and even there there can be plenty of disclosures required that aren't directly driven by the trial balance.

We use a different product, but frankly there is no chance that an untrained user could get even close to presentable accounts.

Very fair comments, I completely agree with David.

[johndon68]

I think that it's fair to say that any tool like SAP will only produce accurate statutory accounts if the user knows what he or she is doing.

Absolutely agree, I know Sage 50 inside out but I wouldn't go near statutory accounts... :eek:

John