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Does Sage online calculate flat rate VAT correctly

Hello,  

I have a client who is currently using an online bookkeeping software that have finally admitted that there is a problem with the software when using flat rate scheme and that it does not work properly.

I am looking to change my client to Sage but I need to know if the Sage online version is able to calculate FRS - does anyone have first hand experience please?

The issue that I have had is that when a deposit has been deleted it is removed everywhere and you can no longer do anything with the transaction but the transaction remained in the VAT caluclation prior to reconciling.  It also affects the way EC sales code in that any transactions within that code cannot be reviewed on the drill down and so you have to search manually for these through the software.

Thank you

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06th Dec 2018 16:06

When you say Sage "online" do you mean Business Cloud Accounting ?

If so, yes it calculates FRS output.

Although, prepare for people to tell you to avoid it....

Thanks (1)
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to BlackBriar
06th Dec 2018 16:26

Thank you - yes, the business cloud version.

We've got several clients on this now but not FRS. We used to think it wasn't very good but after having had clients on others and then demo-ing Sage again we have converted back.

Just wanted to check that it was ok for FRS as I would hate to change them over and then be up against the same/similar issue.

The issue we've had on the other software is when deposits are deleted. They are removed from everywhere else and you cannot do anything with them but they still remain in the VAT calculation and therefore overstating VAT.

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to lexi2607
06th Dec 2018 16:40

Is it part of Sage's audit trail - nothing's deleted - an incorrect debit is corrected with an incorrect matching credit ?

Can the category be changed to exclude them ? I'm not a fluent Sage jargon speaker myself but plenty of people on here use terms like "T0" or "T9" or "code 2215" as though they were ordinary English words like "today" or "cat" or "weather".

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to lionofludesch
06th Dec 2018 16:51

Sorry, thats the problem I have with the software that they are using now. The provider have said that it is a known issue and there doesn't appear to be an effort to fix it.

This is why I just want to check that Sage is ok for FRS

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to lexi2607
06th Dec 2018 17:08

Ah - I misunderstood your post.

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By frankfx
06th Dec 2018 19:49

Can you reveal name of the software house that appears indifferent to user needs?...…...VAT compliance is important

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06th Dec 2018 21:04

You can always download the data for the return and use an mtd bridge.

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By Matrix
to johnhemming
06th Dec 2018 22:58

How would that solve the issue of the VAT being incorrect?

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By GR
06th Dec 2018 23:10

Free Agent is great for FRS

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By Matrix
to GR
06th Dec 2018 23:35

Agreed.

Although a separate VAT reporting issue is that their cross border VAT descriptions are incorrect - and they won’t change them - non-EC services have to be booked as EC to make the reverse charge work.

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07th Dec 2018 10:23

At the risk of pinching your thread
Why does SAGE not put the name of an account as well as the nominal code when printing off detailed nominal ledger transaction listings
OR
It's available and I've not found it.

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