Set up company details
Before using Sage 200 you must enter your company details.
A company is identified in Sage 200 by its name. Sage 200 stores separate company details for each company that you create.
If you are working with multiple companies, you can consolidate your company accounts.
Enter information about your company, such as your VAT registration number and company contact details here.
To set up company details
Open: Accounting System Manager > Settings > Company Details.
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Enter the company details and VAT related trading information.
Company and Contact DetailsEnter your company name, address and contact details.
Your company name appears on reports and at the top of the Sage 200 window.
To enter information in the City, County and Country boxes, you must have selected to Use Segmented addresses in the Operational Settings.
VAT details-
Select the Country code from the drop-down list.
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If the company's home country is a member of the European Union, select its country code EC countries each have a specific code to identify accounts that belong to that country. Trading with these companies has implications for VAT processing..
This is required for EU VAT calculations.
Note - warningTo be compliant with legislation and produce and accurate VAT return, we strongly recommend using the following combinations of country code and base currency in Sage 200:
- UK: VAT country code GB - Great Britain, and base currency GBP - Pounds Sterling.
- Ireland: VAT country code IE – Ireland, and base currency EUR - Euro.
- If the company is not a member of the EU, select the Non-European option.
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If your company is registered for VAT, enter a VAT registration no.
You must enter the VAT registration no. for your company here because of a requirement to print this on all invoices. This is especially important if you deal with companies in other EU member states.
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Enter your EORI number if required.
To move goods into or out of the EU you need an Economic Operator Registration and Identification (EORI) number. This applies to UK companies trading in the EU, and Irish companies trading outside the EU. See www.gov.uk/eori (opens in a new tab).
Note - informationThis feature is only available from Sage 200 Professional Summer 2019 version onwards.
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The information contained within this article is not intended to be a substitute for professional advice. Sage assumes no responsibility for any action taken on the basis of the article. Any reliance you place on the information contained within the article is at your own risk. In using the article, you agree that Sage is not liable for any loss or damage whatsoever, including without limitation, any direct, indirect, consequential or incidental loss or damage, arising out of, or in connection with, the use of this information.
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