Sage Instant Accounts For Dummies (For Dummies (Computers))

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When your VAT return date comes around, you need to file it via your business’s accounting software or bridging software. Once the renewal month has been passed your Add-On will automatically show its Licence Dialog and not proceed any further until the Renewal Fee is paid. Sage E-learning courses are flexible online courses that you can access online whenever and wherever you like. They're completely flexible, and allow you the freedom to learn in your own time, at your own pace.

There are then 3 questions I've never understood once you press that button, and I can't be bothered to work out what they mean. So I tell everyone to press the button in the middle and that's that. Making Tax Digital for VAT applies to all VAT registered businesses (apart from those that are digitally excluded). If you're installing Sage Accounts for the first time on your computer, please refer to the following section Install a new copy. Preparation In addition if you currently have Sage Instant Accounts v20 (2014), your software will soon be unsupported (price wise this means you’ll have no (cheaper) upgrade option and will have to buy the product outright again).Are there any types of activities, adjustments, corrections, deletions, that could affect one of those reported balances and not the other? I'm wondering if maybe there was a year end adjustment or correction that only affected the balance as it's reported in the TB? Very small errors aren't worth your time and effort to find. Much better to do a very rough reconciliation and then go forward doing things properly. Error Correction is done in a separate module, which gives a good audit trail, but is more convoluted and complicated than our current system. Clearly it is not always an advantage to be able to change entries, but for a business where only one person processes transactions, this is a definite plus point, especially when you are finding your way around a system. If your VAT period had a 31 March 2022 end date, your first VAT quarter under MTD for VAT starts on 1 April 2022. A client demonstrated to me a few years ago the way Sage had advised a bank rec should be done, and I nodded off half way through her demo. The fact is, she does an excellent job reconciling her bank account. She could do it in half the time if she ignored half the balances shown on the rec screen, but to be fair doesn't have my accounting knowledge or confidence.

Before registering for an agent services account, you need to register with HMRC as an agent. This is a postal application rather than an online one. The default chart of accounts for a charity didn’t have a major heading for subscriptions (which seemed surprising) or publications - our largest sources of income. It took a while to work out how to change the headings that were there, to ones more applicable to our charity.As an old stager who's used Sage for most of the years it's been in existence, as more and more sophistication has crept in I've kept to my old ways. This can be done within the agent services account itself by selecting the appropriate option. Step 4: Ask new clients to authorise you to link them Note that using MTD for VAT-compatible accounting software doesn’t automatically mean you’re compliant. Having installed the software on your client computer, you need to connect to the data on the server. Sage Bookkeeping E-learning is ideal if you are unfamiliar with using accounts and would like to develop your bookkeeping skills.

Find out more about the reports and documents available, plus how to customise them to suit your needs in the Reporting in Sage Accounts area. My bank accounts are always perfectly reconciled and my trainees seem to have no problems with my training.Once you switch on your Sage Pay account, to integrate it with Sage Instant Accounts, you must enter your details in: