Skip to main content

Notifications

Small and medium business | Business Central, N...
Answered

MTD from SAGE to BC

Posted on by 175

Morning all,

We have a client who has moved from SAGE to BC and now has to submit VAT via MTD. However many of the previous transactions are in SAGE , has anyone had experience of having to submit VAT in BC after moving across? This obviously would be a one off and next period would all within BC.

They have sent across all the SAGE Sale / Purchase breakdown and last VAT return submitted.

Any advice appreciated.

Thanks

Andy

  • Verified answer
    vinsona85 Profile Picture
    vinsona85 175 on at
    RE: MTD from SAGE to BC

    Thanks for this, may assist in the future. So client are happy with the outcome.. just need to take into consideration if VAT values have already been imported from SAGE during data import.

  • Suggested answer
    JAngle Profile Picture
    JAngle 33,159 on at
    RE: MTD from SAGE to BC

    a MTD bridging tool is a good idea for this one period. This is cheap one: www.pwc.co.uk/.../pwc-making-tax-digital-video.html

    perform the regular BC "Calculate and Post VAT Settlement" for the entries you do have in the specific period. Revert to normal BC MTD submission process there after and cancel any renewal on the bridging tool you choose.

  • vinsona85 Profile Picture
    vinsona85 175 on at
    RE: MTD from SAGE to BC

    Just for anyone else, we may have sorted this now. We created 4 Gen jnl lines with posting date with no transactions.

    sales GL account         | £120 | with £20 VAT      (20%)                 | Balanced against a GL account  (VATCONV)

    Sales  GL account        | -100  | 0.00 VAT (Remove VAT Postings)  | Balanced against a GL account  (VATCONV)

    Purchase  GL account | -£72  | -£12 VAT     (20%)                        | Balanced against a GL account  (VATCONV)

    Purchase GL Account | £60   | 0.00 VAT (Remove VAT Postings) | Balanced against a new GL account (VATCONV)

    then run VAT statement for same day.. should see correct figures..

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

November Spotlight Star - Khushbu Rajvi

Congratulations to a top community star!

Forum Structure Changes Complete!

🔔 Be sure to subscribe to the new forums you are interested in to stay up to date! 🔔

Dynamics 365 Community Platform update – Oct 28

Welcome to the next edition of the Community Platform Update. This is a status …

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,101 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 229,908 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans