Sage 50 Accounts Pro - journals causing errors in VAT reports

Discussion in 'UK Accountancy' started by Nogood Boyo, Jun 26, 2012.

  1. Nogood Boyo

    Nogood Boyo Guest

    Scenario: an input (with no VAT on it) is posted to a wrong nominal
    code; a journal is processed to correct it (credit the wrong account,
    debit the correct account); instead of a credit and a re-debit
    appearing in the VAT input reports, it shows as an output in the VAT
    outputs report and a further input in the VAT inputs report; this has
    the effect of over-stating both inputs and outputs.

    Accounts staff tell me this is unavoidable - it's just the way Sage
    works. That can't be right, surely?
    Nogood Boyo, Jun 26, 2012
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