Recent content by Helen74

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    year end accounts

    Hi, I have been doing all the book keeping for a hotel using sage, the accountants have asked me for the figures as at the year end, which is simple enough as sage runs a nominal ledger report detailing all purchases and sales etc. But where I am a confused is where if at all should I include...
  2. H

    EU Supplier - sage t7 or t8 ?

    Hi, I have an EU supplier who recently sold me some paintings etc. He is vat registered but did not charge me any vat on the invoice. So my question is do I code the supplier as T7 or T8 (sage tax codes) ? T7 - zero rated ec suppliers T8 - standard rated ec suppliers I think it's T7 because...
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    Sage - Bank Account, Nominal and T codes

    David, Thanks for your post, I actully meant to say bank interest paid (not sure why I put "received" must have been having a moment!!) I shall code all bank interest to T2 as this is sage's T code for all things exempt as per your sound advice. Sorry about the confusion and once again thanks...
  4. H

    Sage - Bank Account, Nominal and T codes

    Thank you - T9 is the code sage uses for outside the scope of vat. :)
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    Sage - Bank Account, Nominal and T codes

    Hi, I am looking for confirmation that the following is correct or if not what I should be doing ? I have posted the bank charges from our statement to sage's nominal code 7901 (bank charges) with the tax code T2. I have now got to post the interest received (Gross) and believe I have to...
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    Hotel and Sage Nominal Codes

    Hi, We are currently refurbishing a hotel and are having extensive building works done. (£375000.00 spent so far on building works alone). I want to put the invoices through sage accounts but don't have a nominal code for refurbishment etc, so my question is : Can I make a nominal code up...
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    T codes and hotel accounts

    Hi Firstly, should I class pictures and ornaments bought for a hotel under fixtures and fittings and should they be depreciated if so over what period of time and using what method ? Secondly, should I code them as T0 as the supplies are from france and although the supplier is vat...
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