To Change to VAT Cash Accounting

1.   Open the Settings and choose Company Preferences.

The Company Preferences window appears.

2.   Click the Parameters tab.

The parameters information appears.

3.   Select the VAT Cash Accounting check box.

4.   To save your changes, click OK.

If you have already entered some transactions, and you were not on the VAT Cash Accounting system, Sage Line 50 does not allow you to change to VAT Cash Accounting until those transactions are reconciled in your VAT Return.

Related Topics

Running the VAT Cash Accounting Scheme

Producing your VAT Return

Analysing the VAT Totals

Checking your VAT Return

Reconciling your VAT Transactions

Clearing your VAT Control Accounts

Submitting your VAT Return to the Tax Authorities

Your VAT Return Checklist

The Financials Window