Page 1 of 3 123 LastLast
Results 1 to 10 of 21

Thread: VAT Rate Changes in Pastel

  1. #1
    Junior Member
    Join Date
    Sep 2012
    Location
    Pretoria
    Posts
    17
    Thanks
    0
    Thanked 1 Time in 1 Post

    VAT Rate Changes in Pastel

    Oh Sage lined themselves up for one great opportunity with the VAT rate change. I see that certain lines under General Tax Settings are grayed out, so you cannot change the VAT rate manually. One way to work around this is to create a new "Vat - Standard rated" entry and make that 15%

    Is there any other more elegant way of doing this without forcing the client to upgrade to the latest version of Pastel?

    As I see it, the new version of Pastel will anyway have two sets of VAT now, one for before 1 April on the old 14% and one new set for 15%. Only drawback is the new version you will be able to continue on tax code 01 for standard rate, but if you want to do it manually, all my clients will have to remember to use tax code 14 and onward from now on, because line 14 on the VAT settings screen is the first available line to enter custom VAT codes.

    This rate change is going to be one heck of a pain in the neck for accountants... mark my words... and we have only one month to assist our clients to get this in place. Ridiculous to say the least!

  2. #2
    Junior Member
    Join Date
    Sep 2012
    Location
    Pretoria
    Posts
    17
    Thanks
    0
    Thanked 1 Time in 1 Post
    Now that I think of it, just set up the new rate on line 14 and make it the default tax type for financial lines in Setup->Customers Control

    Problem solved....

    No need to upgrade

  3. #3
    Platinum Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Durban
    Posts
    2,385
    Thanks
    216
    Thanked 321 Times in 279 Posts
    This rate change is going to be one heck of a pain in the neck for accountants... mark my words...
    One company has already pointed out, in a letter to all their clients, that any credit notes outstanding must be done before the 1 April otherwise the change in VAT is going to be a problem.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

  4. #4
    Email problem
    Join Date
    Feb 2018
    Location
    Cape Town
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I entered a new 15% line starting 1 April and ending 2030 like all the others.
    But when I tries an invoice was told...wring end date. Set another.

    What is the problem??

  5. #5
    Platinum Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Durban
    Posts
    2,385
    Thanks
    216
    Thanked 321 Times in 279 Posts
    Did you set the end date for the 14% line?
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

  6. #6
    Email problem
    Join Date
    Feb 2018
    Location
    Cape Town
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by Mike C View Post
    Did you set the end date for the 14% line?
    I thought I did but checked again. This time it worked..

    THKS

  7. #7
    New Member
    Join Date
    Oct 2017
    Location
    Durban
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi,

    I wonder if anyone can help me with this as well. Our company uses Pastel Express as our invoicing system in our retail stores of which we have 14, not to mention as stock control in our head office. Basically I have almost 20 Pastel Express and one Pastel Partner package that I need to sort out for the VAT increase next month. So I want to make sure I have all my info correct to make this run as smoothly as possible.

    I did a quick test using a demo system of Pastel 14 and found where I can set the VAT to change under Setup -> Tax -> General Settings. I had to add a new VAT type on line 11 and set that to be the default as of 1 April 2018 to 31 Dec 2050. I also set the old VAT type on line 1 to end on 31 March 2018. I also went to Customers -> Control and set the default VAT to be the new type that I entered.

    What I want to know is:

    I will need to do the same and set the new default tax under Supplier - Controls?
    Will I need to go into Edit -> Customer -> Accounts and change the Tax setting for each customer?
    Will I need to Edit the tax type for each Supplier Account too?
    Will I need to Edit the tax type for each inventory Item on the system?

    Will I need to do all that or will changing the default tax to set for 1 April do it automatically? Obviously with so many systems it is going to be very difficult to change all those customer, supplier and inventory items individually? Is there a way that I can run a test to see that it will all work correctly? And lastly have I forgotten anything else that would need to be changed before the deadline?

    Thanks so much to anyone who can help.

    Janine

  8. #8
    Platinum Member Neville Bailey's Avatar
    Join Date
    Nov 2010
    Location
    Morningside, Durban
    Posts
    2,467
    Thanks
    35
    Thanked 401 Times in 348 Posts
    Quote Originally Posted by JanineH View Post
    Hi,

    I wonder if anyone can help me with this as well. Our company uses Pastel Express as our invoicing system in our retail stores of which we have 14, not to mention as stock control in our head office. Basically I have almost 20 Pastel Express and one Pastel Partner package that I need to sort out for the VAT increase next month. So I want to make sure I have all my info correct to make this run as smoothly as possible.

    I did a quick test using a demo system of Pastel 14 and found where I can set the VAT to change under Setup -> Tax -> General Settings. I had to add a new VAT type on line 11 and set that to be the default as of 1 April 2018 to 31 Dec 2050. I also set the old VAT type on line 1 to end on 31 March 2018. I also went to Customers -> Control and set the default VAT to be the new type that I entered.

    What I want to know is:

    I will need to do the same and set the new default tax under Supplier - Controls?
    Will I need to go into Edit -> Customer -> Accounts and change the Tax setting for each customer?
    Will I need to Edit the tax type for each Supplier Account too?
    Will I need to Edit the tax type for each inventory Item on the system?

    Will I need to do all that or will changing the default tax to set for 1 April do it automatically? Obviously with so many systems it is going to be very difficult to change all those customer, supplier and inventory items individually? Is there a way that I can run a test to see that it will all work correctly? And lastly have I forgotten anything else that would need to be changed before the deadline?

    Thanks so much to anyone who can help.

    Janine
    Hi Janine,

    It seems that you have most of your ducks in order...

    My colleagues and I are in the process of putting together a comprehensive plan of action that we can implement for our clients, but that has not yet been finalised yet.

    With regards to your queries, it will be safer to make those changes, but it does not mean that you will necessarily have to edit each masterfile record manually. You could export each masterfile as a CSV file, edit the changes there, and then import the masterfile back into Pastel. There are a number of issues that you need to be aware of, though, as the number format of certain fields can go awry after opening the CSV file for editing. However, it will still be a lot quicker than editing each record manually.

    Be careful about changing the end date of the Tax Type 01 to 31 March 2018, as you might need to process Credit Notes after 31 March 2018, relating to Tax Invoices prior to 1 April 2018, which should carry the 14% VAT rate.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    IronTree Online Solutions
    View Neville Bailey Photography

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

  9. #9
    New Member
    Join Date
    Mar 2018
    Location
    Germiston
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi I can change the VAT as disccused above, but what happens with the VAT Report - I cannot amend the VAT to my new line item (in my case line 11). Any advice

  10. #10
    New Member
    Join Date
    Mar 2018
    Location
    westville
    Posts
    5
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Vat increase pastel Express

    I have attached a letter from Allan Gray with regard to commission. This complicates matters even more. Please can Neville Bailey assist.
    Attached Files Attached Files

Page 1 of 3 123 LastLast

Similar Threads

  1. overtime rate
    By murdock in forum General Business Forum
    Replies: 6
    Last Post: 30-Sep-11, 07:29 AM
  2. fix rate
    By nicsai in forum National Credit Act Forum
    Replies: 0
    Last Post: 24-Aug-11, 07:36 AM
  3. [Question] Rate per Km
    By AmithS in forum General Business Forum
    Replies: 9
    Last Post: 02-Aug-11, 02:01 PM
  4. [Opinion] PPI rate causes!
    By IanF in forum Business Finance Forum
    Replies: 4
    Last Post: 18-Dec-08, 01:19 PM
  5. Unemployment rate.
    By Dave A in forum General Chat Forum
    Replies: 1
    Last Post: 14-Nov-07, 11:06 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •