tax refund help sage

[wesleythorne]

hi, hope someone might be able to help as my accountant is on holiday!
We are a partnership and the inland rev has refunded us a tax refund of approx £80 for last years self assessment


We use sage line 50
What nominal account do we post this to.
The payment has gone into our business current account.

Any one know of a good sage forum?
thanks
wesley

[chris ashdown]

ry this forum but nowhere as helpfull as this one

But then with Accountants what would you expect

http://sageforum.co.uk/viewforum.php?f=3

[Bridget]

Hi

I would post it to capital introduced - or whatever you use to show monies you have put into the business. My logic here is that when you paid the tax it should have been posted through the capital account as drawings so getting it back is just the opposite.

Hope this makes sense. For what it is worth I am an accountant, although these days I specialise in bankruptcy work!

Bridget