i have just registered for vat and doing the first vat return, i understand that i can go back 3 years and reclaim vat on the start up costs. in sage how would i show the vat for this as the items would have already been entered under a previous years accounts so i only want to show the vat so it will be included on the vat return. i take it i have to do a jouranl but where to and how?
also the turnover went over 68,000 in mid october but the first vat return is dated from period 01/12/08, therefore do i have to include the sales in this return from mid october to december or just from december?
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accounting for vat in sage
email me at [email protected] with a phone number (or requesting my phone number if you'd prefer) and i will talk you through it all
This will be easier to do over the phone than by messages on here. I have over 10 years experience of using Sage on a daily basis and teach Line 50 and Payroll
-- Witch-Queen