VAT Returms

[Ben Munthali]

I am working for an organization in the agro processing industry. We have just completed building a fruit processing facility and is yet to be commissioned hence we are yet to start recording revenue. We also recently acquired sage line50 2013 version which we have been running on the past three months. we have been doing manual VAT returns whuch entailed pulling out all T1 items for purposes of the VAT return. Using the manage VAT icon in sage, I get ridiculous figures, even showing value of SALES, yet we have not started recording sales yet. what could be wrong? how could this be fixed?

 

[Lindyloo]

Trace those sales figures by printing a detailed VAT report and checking the transaction numbers against your audit trail reports.
Your T0 values should also be extracted for value of sales/purchases.