Solution Properties
Solution ID:
200427112345154
Last Modified Date:
Wed Nov 23 09:59:22 UTC 2022
Taxonomy Path:
Case category//How do I...//governmental/legislative compliance
Author:
[email protected]
How do I post subcontractor CIS transactions?
Description

When using the Sage 50 Accounts CIS v2 module, once you set up your subcontractor records you can process your purchase invoices as normal. On paying your subcontractors, Sage 50 CIS calculates the deductions you need to make and posts the required credit notes. You can be sure that the deductions you make are accurate.

We'll run through the steps below on how to post these subcontractor transactions.

NOTE: This article applies to the latest Sage 50 CIS v2 module. To check if you're using the new module, on the menu bar, click Help then click About. Under Features Enabled, check that CIS v2 shows Yes. Click here for help with the original Sage 50 CIS.

Cause
Resolution

Enter CIS invoices

Posting invoices from subcontractors is largely the same as for any other supplier.

For more information on what you need to do - Read more >

Pay your subcontractors and make deductions

When you post an invoice from a subcontractor, the full balance of the invoice shows as outstanding on the subcontractor record. Any required deduction applies automatically when you pay the invoice.

For steps on how to do this - Read more >

Allocate credit notes to CIS invoices

To allocate a CIS invoice and credit note together, they must use the same type of nominal code, either both CIS taxable or both non-taxable.

For steps on how to allocate these together - Read more >

[BCB:183:Oli Footer CB with feedback:ECB] [BCB:90:CIS - Sales:ECB]
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