How to change the default tax code on the Nominal Ledger Journal window

Summary

The tax code on the Nominal Ledger Journal window defaults to the Non-Vatable Tax Code set within

Company PreferencesNote:

Answer

To view or amend the Non-Vatable Tax Code

Open the Settings menu, choose Company Preferences then click the VAT tab. Sage Accounts v13 and below

– Open the Settings menu, choose Company Preferences then click the VAT tab.

Note: Whichever tax code you use in a journal, Sage Accounts does not calculate a VAT value, nor does it automatically post a VAT amount to the VAT Control Account. To include VAT on a journal, you must enter the VAT element as a separate line, using the required tax code and the appropriate debit or credit to the relevant sales or purchase VAT control account.

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