Forum

• # 78551
• Fri 20 Jan 2012 11:24 AM

Hello

Is there a simple way of posting purchase invoices on sage showing the net price (without discount applied) and VAT at the correct level (ie with discount applied). I have a client who is offered a settlement discount on almost all purchases so if there is a simple way to enter this then advice would be greatly appreciated.

Currently Sage automatically calculates the VAT (based on the net price) and auto corrects when I attempt to correct the VAT - which is very annoying!
 

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• # 78553
• Fri 20 Jan 2012 11:38 AM

Hi Lucy,

Don't quote me, but I think if you set the options in the credit control options (the tab in the suppliers accounts), to the payment terms and discount this should then calculate the vat correct to the invoice. I know this works if entering an invoice through Sage Jobcosting, but not 100% certain about entering through Sage itself, one would assume it should though!

Kind regards

Kerry

• www.berrybookkeeping.co.uk
  
  My responses are based on my opinions, not necessarily facts.
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• # 78617
• Sat 21 Jan 2012 06:03 PM

Hi Lucy,

I agree with Kerry, you will need to input the settlement discount in the credit control tab for each supplier. Sage will then kindly deduct the settlement discount off the VAT portion of the invoice when you input it. I think it's the 2nd tab on the supplier details.

Great when it works correctly.

Gina 

• GINA WESTWELL
  VICTORY BOOKKEEPING SERVICES 
  www.victorybookkeeping.com 
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