At the top of the 2nd half of the screen it says last reconciled balance and that is the same as the Book Balance as my bank account is fully reconciled. It wouldn't be the same if I had some unreconciled items of course. The last reconciled balance should agree with a bank statement.

If your VAT period has a 31 May 2022 end date, your first VAT quarter under MTD for VAT starts 1 June 2022. However, if you have recently bought a new computer with Windows 10, your old Sage version will not install on your new computer. If your VAT period had a 31 March 2022 end date, your first VAT quarter under MTD for VAT starts on 1 April 2022.

MTD for ITSA

This is likely to be an ‘Enable MTD’, ‘Authenticate’ or similar option that’s located somewhere in the settings, options or feature menu area. Error Correction is done in a separate module, which gives a good audit trail, but is more convoluted and complicated than our current system. Clearly it is not always an advantage to be able to change entries, but for a business where only one person processes transactions, this is a definite plus point, especially when you are finding your way around a system. There’ll also be penalty charges if you pay more than 16 days late (or fail to agree to a Time to Pay arrangement with HMRC). Helping businesses comply with MTD for VAT as an agent I still don't quite understand what the relationship is between this "balance per books" box and the balance I can see on 1210 - it feels to me as though that should always be the same anyway, regardless of whether the account is reconciled or not, as it's based on the same figures?

Make sure you have fast, easy access to your information. Make sure you have access to your finances on the go with an intuitive mobile app with customised views. If you’re using an accountant, make sure you can collaborate with them easily in real-time. Suppose you’ve used the accounting software to record your VAT accounting over the previous period. Note that using MTD for VAT-compatible accounting software doesn’t automatically mean you’re compliant.

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Having installed the software on your client computer, you need to connect to the data on the server.

By law, assuming you are below the VAT threshold and are a ‘voluntary filer’, you need to start adhering to Making Tax Digitalfrom the first day of your first VAT period that began on or after 1 April 2022. To complete the installation and launch Sage Accounts > Launch Sage Accounts or Launch Sage Instant Accounts. In my simple mind, if you made an entry that affected account 1210, I'd expect both the "balance per books" number and the balance on 1210 to change at the same time and therefore always show the same balance. Note: You must complete the upgrade procedure on all of the computers that have Sage Accounts installed.If you're installing Sage Accounts for the first time on your computer, please refer to the following section Install a new copy. Preparation This can be done within the agent services account itself by selecting the appropriate option. Step 4: Ask new clients to authorise you to link them Get the skills you need to run Sage 50 Accounts with this flexible online e-learning course. You can learn how to use Sage 50 Accounts within as little as six hours, and you’ll have access for 12 weeks from the day you start.