Sage Line 50 tutorial is designed for book-keeping software, in this blog we will teach you how to use this software. In sage line 50 blog you will learn about how to install and operate Sage Line 50 and how to install on network.

How to account for VAT using the Tour Operators Margin scheme

The Tour Operators' Margin Scheme (TOMS) can be used by businesses with an establishment in the UK who buy travel, holidays and certain other services from an EC member state and sell them to a traveller, that is a person rather than a business, in the UK. The scheme was introduced as part of the EC VAT system to provide uniformity for all EC member states. To create a VAT Adjustments nominal codeOpen the Company module, from the Links pane click Nominal Ledger then click Record. Sage Accounts v11.xx and below - Open the Nominal Ledger module then click Record. The Nominal Record window appears. Complete the Nominal Record as follows: In the N/C box, enter the required nominal code, for example, 4999. In the Name box, enter a name for the nominal code, for example,...

How to account for VAT using the Margin scheme for second hand goods

VAT is normally charged on the full value of goods sold, but for second hand goods, such as cars, works of art, antiques and collectors items, your output VAT is calculated on the difference between the selling price and the purchase price of the goods. This is referred to as the Gross Margin. To create a product record for goods included in the VAT Margin schemeOpen the Products module then click Record. The Product Record window appears displaying the Details tab. Complete the Product Record window as follows: In the Product Code box, enter the product code to be used for the item. In the Description box, enter the description for the item. In the Supplier Account box, enter the supplier's account reference. In the Tax Code box enter T9. Enter other...

Sage P11D 2011 now available

Legislation and other changes applicable from 6th April 2010 High Rate tax percentage increased to 50% (incl. PSA report)Company car fuel legislation rates updatedCompany car legislation rates updatedCompany car fuel benefit charge appropriate percentage is increased to £18,000Company car appropriate percentage for electric cars down to 0%Removal of list price limit of £80,000Electric vans are now included with a separate charge of £0Fuel benefit charge is increased to £550Official rate of interest for loans made in pound sterling is reduced to 4%Official rate of interest for accommodation benefits who cost exceeds £75,000 is reduced to 4%P11D, P9D, P11D(b) and P46(Car) forms updated and approved by HMRC for 2010/11 tax yearInternet Submission schema rules updated for 2010/2011 tax yearView...

Sage Cover

Sage Cover - Complete support for your business Telephone SupportJust call us to talk with our friendly team of over 350 experts. They're based in the UK and are ready to smooth your progress through tasks or help you explore the software's possibilities. And we promise, no jargon. Just talking you through in language you'll understand. Email Support Tackling something that's hard to explain over the phone? Working late? You can email your question to us at a time that suits you. We'll work to find the right answer while you get on with business. Usually we can provide you an answer the next working day. Ask Sage online databaseWhen you're asking: "I wonder how...?" check out our jargon-free answers to 6,000 questions about Sage software. Ask Sage is our flexible online FAQ database that...

Sage 50 ODBC Explorer

Sage 50 ODBC ExplorerThis FREE tool will allow you to access and extract information from any Sage table. If you are proficient in SQL you can extract exactly the data you need. If not simply double click any of the listed Sage tables to view all of the data.The ODBC explorer allows you to export Sage data to MS Excel or CSV format.You can get your copy by sending a blank email to this addressIf you want SQL training then please contact ...

Sage 50 to mySQL

I am getting alot of requests lately in exporting data from Sage to mySQL as an automatic process. I now have a beta running and would like to invite anyone who needs this functionality to please get in touch. This will extract all Sage 50 data on a schedule you determine. This will enable you to export the data to either a local/network or even Internet hosted copy of mySQL.The reason for doing this is two-fold;I have customers with large datasets starting to encounter performance issues (they are on the verge of outgrowing Sage 50)There were customers having issues getting the server part of the Sage 50 for iPhone solution configured. Now there will be a central secure repository (at remotediscovery.com) where this application will export your data and the iphone app will connect to this...

Sage mySQL no more…

For those of you that we aware Sage have been working on a version of Sage 50 which uses the open, standard database engine, mySQL, codenamed Sage 100. This was a supposed to improve performance for those customers running large volumes of data through Sage 50 (yes I know who you are…..I’ve seen those 7000 customers on your sales ledger ) but a very recent announcement from Sage has stated that development has stopped.Reasons aren’t entirely clear, my thinking was that if it didnt offer the ability to talk the database across the WAN (i.e. Internet) as well as the LAN then its not *that* much of a forward leap. My experience is that customers move from Sage 50 not due to data volumes but for functionality, things like multi-location stock.Of...

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