http://accountsinfo.sunsetsurf.co.uk Fri, 25 Mar 2011 12:37:57 +0000 http://backend.userland.com/rss092 en Following the recent emergency budget, here in the UK we are all going to pay a higher rate of VAT. (20% from 4 January 2011) Thankfully, we have been given plenty of notice before the VAT rate changes. So here is how to change the VAT standard rate in Sage: Click on 'Settings' Then ... http://accountsinfo.sunsetsurf.co.uk/2010/07/how-do-i-change-the-vat-rate-in-sage-instant-accounts/ Do you get the annoying message ' Terms have not been agreed' when you set up a new customer or supplier account on Sage? If so, click on the new customer, then go to the 'credit control' tab. At the bottom left hand corner, tick the box 'Terms agreed' then click on ... http://accountsinfo.sunsetsurf.co.uk/2009/12/sage-terms-have-not-been-agreed/ Hi Bubble Thank you for your question regarding entering pre-trading expenses into Sage Instant accounts. There are a number of ways that you can achieve this and my answer would depend on how many invoices have been paid by your boss. If you have less than say twenty expenses, and the money is ... http://accountsinfo.sunsetsurf.co.uk/2009/09/sage-instant-accounts-pre-trading-expenses/ Why should I bother reconciling the bank account?  Well, throughout the weeks you will be entering lots of different types of information into Sage.  Even at our most careful and efficient level, nearly everyone makes a mistake!  So how can we find out if we have made an error?  In ... http://accountsinfo.sunsetsurf.co.uk/2009/09/sage-how-to-reconcile-the-bank-account/ Thank you for all the Sage questions I have received on this site. My own business just keeps getting busier and busier and I am at the point where I just don't have enough time to run my business and also offer advice on this website. I hope ... http://accountsinfo.sunsetsurf.co.uk/2009/09/sage-questions-anyone/ Many Sage users find preparing the VAT return each quarter a worry.  So that my clients can prepare their VAT return confidently and without making any mistakes, I prepared a straight forward checklist.  My checklist is a single page on Excel and can be printed and used each quarter to ... http://accountsinfo.sunsetsurf.co.uk/2009/08/sage-vat-return-preparation-checklist/ When a Limited company pays dividends to its shareholders, it is best to post (allocate) these entries to a separate nominal code on Sage.  Code 3102 'Dividends Paid' is the best place for these dividends. As these payments are NOT an allowable business expense but rather a share of the after ... http://accountsinfo.sunsetsurf.co.uk/2009/08/sage-nominal-code-for-dividends/ Click on the 'Company' button, then you should arrive on the 'Nominal Ledger' module. At the bottom of the screen there is a button called 'Print List'. If you click this button you will print off a list of ALL of the nominal codes.  Alternatively, click reports at the top of ... http://accountsinfo.sunsetsurf.co.uk/2009/08/how-do-i-print-a-nominal-code-list-on-sage/ The Profit and Loss account on Sage will be excluding VAT.  One reason for this is because when the accounts figures are submitted to HMRC they are normally reported excluding VAT. VAT is collected by a VAT registered business, any VAT suffered by the business is deducted and the balance paid ... http://accountsinfo.sunsetsurf.co.uk/2009/08/does-the-profit-and-loss-account-on-sage-include-vat-and-tax-payments/ Ok, so you have discovered that you have made an error on Sage.  Imagine you made a bank transfer from your current account to your deposit account, except that instead of entering £100 into Sage you have managed to enter £1,000, what can you do? Well if you have tried to ... http://accountsinfo.sunsetsurf.co.uk/2009/08/correcting-an-error-on-sage-%e2%80%93-journal-entries/