Tax Codes

Use Tax Codes in Sage 50 Accounts to handle VAT properly. They tell the software how much VAT to apply to each transaction, so that your VAT Return reports the correct values.

Dimensions

A dimension is a way to describe or categorise your data so it’s easier to analyse.

Think of a dimension as a label or category you can use to group and explore information.

For example:

• In a sales report, "Region", "Product Type", or "Salesperson" are dimensions
• In a website report, "Device Type", "Traffic Source", or "Page Viewed" are dimensions

Use dimensions to filter your data, for example to find out how many products you have sold in each region.

In all cases, you’ll have a preset dimension, which is a tax code.

 NOTE: Dimensions are only available in the Professional tier.  

Set up Dimensions and Tax Codes 

In the Get started with Sage Expenses wizard, this step is to set up your Dimensions and Tax Codes.

The default dimension for use as the non VAT-able tax code is configured as T9. You can change this if your non VAT-able tax code is different.

1. To add or edit tax codes, select Edit values next to the relevant option.

2. Enter all the tax codes to use with a description.

3. Click Save, and then click Continue to the next step.

Next steps

The next step is to set up your expense categories.