Set up for Intrastat in Sage 50 Accounts

Summary

This article explains how to make sure your company in Sage 50 Accounts is set up ready if you need to confirm Intrastat arrivals or dispatches.

Description

Intrastat is the system that records statistics for the physical trade in goods between EU Member States. Only the supply of goods is included, not the supply of services. 

From 1 January 2022, movements of goods between Great Britain and the EU, or Great Britain and Northern Ireland, are no longer covered by Intrastat. Northern Ireland businesses are still covered by Intrastat as part of the Northern Ireland Protocol. Read more >

Below are the steps on how to make sure your company is set up for intrastat in Sage 50 Accounts.

Resolution

Set up your country code

  1. Click Settings then click Company Preferences.
  2. Click the Country drop-down click the required country then click OK. 

    Your computer's regional settings determine the default country. For the Intrastat options to function, your country code must be United Kingdom GB or Ireland IE.

 

Set up your product records

You must apply a commodity code and weight to all your product records you want to appear on the intrastat reports.

  1. Click Products and services and double-click the required product.
  2. In the Product Details section enter the Intrastat Com.Code and Weight.
  3. Click Save then click Close.

 

Check your Intrastat reporting options

  1. Click Settings then click Invoice & Order Defaults and click Intrastat.
  2. Complete the Intrastat information as follows:

    Declarations - Dispatches
    Generate IntraStat entries for Sales OrdersTo automatically generate Intrastat entries for your sales orders, select this check box.
    Default Terms of DeliveryFrom the Default terms of Delivery drop-down list, choose the delivery terms that your company uses.
    Default Nature of Transaction Code (NOTC)From the Default Nature of Transaction Code drop-down list, choose the option appropriate to your business.
    Declarations - Arrivals
    Generate IntraStat entries for Purchase OrdersTo automatically generate Intrastat entries for your purchase orders, select this check box.
    Default Terms of DeliveryFrom the Default terms of Delivery drop-down list, choose the delivery terms that your company uses.
    Default Nature of Transaction Code (NOTC)From the Default Nature of Transaction Code drop-down list, choose the option appropriate to your business.

 

Check or amend the country list

  1. Click Settings then click Countries.

    By default any countries that were EU members at the software release date have their EU Member check box selected. For all other countries, the EU Member check box is clear.

  2. To include a country as an EU Member, select the EU Member check box then click OK.

Once these steps are done you can create an Intrastat Dispatches Confirmation:

  • Create Intrastat Dispatches Confirmation (SOP) - Read more >
  • Create Intrastat Arrivals Confirmation (POP) - Read more >

Solution Properties

Solution ID
201029130507200
Last Modified Date
Wed Mar 23 14:29:45 UTC 2022
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