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Allen0805

Free Member
Jul 20, 2010
32
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hello,

I am wanting to post the following journal into sage

Cash - £511 DR
Sales - £434.89 CR
VAT - 76.11 CR

When entering these into sage it asks me which vat code i need to use.....do i use T9 as i am entering the Vat separatly in the journal.

Thanks
 
You'd use T9 for the gross amount and T1 for the other two.

Alternatively, assuming that Cash is setup as a cash account in the Bank module a much simpler solution is to enter a single cash receipt with a T1 tax code to the sales nominal - this has the same result but with one transaction instead of 3 journals...

John
 
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