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SAGE Accounts - Help

  • 03-06-2016 6:00pm
    #1
    1eg0a3xv7b82of
    Closed Accounts Posts: 996 ✭✭✭


    quick question.
    what is best approach for this scenario.

    suppliers paid and that is recorded on Sage.
    No Invoices recorded for that payment on sage and also no way of getting copies of those said invoices.

    can you raise your own invoice to reconcile the supplier account, will revenue accept that invoice.

    Cheers


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Khloe Mammoth Bucket wrote: »

    can you raise your own invoice to reconcile the supplier account, will revenue accept that invoice.

    You can't claim VAT without an invoice.

    It's a matter of scale. If it's €100 then no problem. If it's much more then your supposed to be able to produce an invoice to prove that the payment is legit.


  • #3
    1eg0a3xv7b82of
    Closed Accounts Posts: 996 ✭✭✭1eg0a3xv7b82of


    the payment would have been by EFT so proof of payment is not the problem.

    Do you know answer to post 1
    Lockedout2 wrote: »
    You can't claim VAT without an invoice.

    It's a matter of scale. If it's €100 then no problem. If it's much more then your supposed to be able to produce an invoice to prove that the payment is legit.


  • #4
    exaisle
    Registered Users, Registered Users 2 Posts: 2,676 ✭✭✭exaisle


    How did you know how much to pay them?

    They're legally obliged to give you an invoice but you haven't said why you can't get a copy of the originals...


  • #5
    1eg0a3xv7b82of
    Closed Accounts Posts: 996 ✭✭✭1eg0a3xv7b82of


    Because the supplier has been paid and is not too bothered to give copies.
    Also payment was made before invoice it does happen sometimes.

    Are u a regular user of sage accounts can u help
    exaisle wrote: »
    How did you know how much to pay them?

    They're legally obliged to give you an invoice but you haven't said why you can't get a copy of the originals...


  • #6
    tanit
    Registered Users, Registered Users 2 Posts: 325 ✭✭tanit


    You don't have a problem with the program is with Revenue and it is going to depend on the amount you paid how big it was as the previous posters have said. If there is no way to get the invoice just enter a payment to suppliers without any vat (the gross is the net) but the problem here is going to be if Revenue decides to go checking things and get into getting that invoice. If it's only one and see no other issues they might want to ask the supplier for the invoice but that is when it gets very complicated.

    If it's not a big invoice and you definitely cannot get it enter the whole thing in Sage but don't enter input credit for the Vat (make the Gross the Net and 0 Vat).

    If it's a big invoice cry to the supplier. If you tell them you can wait a couple of days for the whole thing most people will send it the invoice. If you don't get the invoice and it's big you could chance but in this case do NOT account for VAT get the gross payment and consider the whole thing at 0 percent. If there is an issue with Revenue this way it won't be so bad. You are not the first one losing invoices or not getting them from suppliers so there is a margin of understanding from Revenue but the whole understanding thing has a its limits: Vat is out of it and when amounts are big or a lot of small ones it's the same


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  • #7
    1eg0a3xv7b82of
    Closed Accounts Posts: 996 ✭✭✭1eg0a3xv7b82of


    tanit wrote: »
    You don't have a problem with the program is with Revenue and it is going to depend on the amount you paid how big it was as the previous posters have said. If there is no way to get the invoice just enter a payment to suppliers without any vat (the gross is the net) but the problem here is going to be if Revenue decides to go checking things and get into getting that invoice. If it's only one and see no other issues they might want to ask the supplier for the invoice but that is when it gets very complicated.

    If it's not a big invoice and you definitely cannot get it enter the whole thing in Sage but don't enter input credit for the Vat (make the Gross the Net and 0 Vat).

    If it's a big invoice cry to the supplier. If you tell them you can wait a couple of days for the whole thing most people will send it the invoice. If you don't get the invoice and it's big you could chance but in this case do NOT account for VAT get the gross payment and consider the whole thing at 0 percent. If there is an issue with Revenue this way it won't be so bad. You are not the first one losing invoices or not getting them from suppliers so there is a margin of understanding from Revenue but the whole understanding thing has a its limits: Vat is out of it and when amounts are big or a lot of small ones it's the same

    Cheers for the reply.
    I understand what you are saying but if i raise the invoice with out of scope vat then I am taking the hit.
    I will think about it.


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