Accounting Ideas

Printout showing non reverse charge and reverse charge totals for each quarter

Printout showing non reverse charge and reverse charge totals for each quarter and if possible a drill down

Because the VAT printout does not show a breakdown of the above it would be useful for my own peace of mind to see what the breakdown is.

  • Guest
  • May 10 2021
  • One For The Future
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  • Guest commented
    19 Oct, 2021 10:42am

    I agree. To reconcile the quarterly VAT return we now have to filter and sort the VAT detailed report in excel, so maybe a column could be added to this report with a simple Y or N for reverse charge?

    Even better would be to have the VAT Summary Report from Sage 50 which showed these transactions against T21 code and made checking all the lines of the VAT return so much easier. Unfortunately it seems Sage are categorising any VAT questions as 'one for the future' at the moment, leaving us to analyse the data outside of Sage for peace of mind that we are submitting accurate figures to HMRC.