VAT Cash accounting on Sage line 50

[rhodes]

My problem is we opperate VAT cash accounting system and use Sage. However when i try to put in a bounced cheque or refund, it doesnt get knocked off the vatable amount or our franchise management fees. How do i get around this and dont over pay VAt and MSF. Please help.

[Cynic]

Could you tell use how you process returned cheques just now?

Are you sure Sage is set to cash accounting?

[rhodes]

We have only just started using Sage and haven`t had any bounced cheques to enter on to it yet. I have thought about making an invoice for the customer using T9 and posting it to the 9998 suspense account then making a credit note again to 9998 suspense account. Solves VAT but not MSF

[rhodes]

Sorry, credit note to T9 again ( T9 means no VAT )

[Cynic]

Why not just not enter the unpresented cheque in the first place?

Are you anticipating a high level of returned cheques? If so I would suggest you look to your credit control as a more pressing issue.

Your franchise management fees may require some initial set-up on your nominal ledger to be able to run meaningful reports. Can you ouutline what they are based on and how paid?