Recurring entries in Sage

[Robert E Lee]

Hi All

I have set up a couple of recurring entries in Sage and have noticed that the processed amounts do not appear in the appropriate company's ledger. This I assumed was because I had set them up as Bank Payments rather than Supplier payments. However looking at the Supplier set up I see that there is no facility for entering VAT either at creation or at processing time. The only place the recurrent entries exist is in Financials and Bank activity, how can I move the payments into the supplier ledger?

Thanks

Rob

 

[johndon68]

You can't just move the payments to the Supplier, you would need to delete the bank payments and re-enter them manually as Supplier Payments (Bank -> Supplier)

John

 

[Robert E Lee]

Hi John

Thanks for your reply. Reading between the lines then, for these types of payment ,where VAT is applicable, I can't use the recurring entry feature

Rob

 

[johndon68]

You can create a recurring entry as a Supplier Payment on Account and you get the option to enter both a Net and a VAT amount. I assume that you are on VAT Cash Accounting?

John

 

[Robert E Lee]

No, we don't use cash accounting. At which point in the process am I able to enter the VAT, it appears that on set up there is no option and at process time the amount can be altered but not the VAT

Rob

 

[johndon68]

If you are not on cash accounting the there would be no vat on supplier payments, the bat would be on the supplier invoice...

John

 

[Robert E Lee]

OK that is true, so I am struggling to see the point of setting up a recurring payment if I then have to enter the same detail again. I think I will delete them and revert to entry from invoice. Thanks for your time

Rob