If you were once a Sage user and have become accustomed to their VAT terminology, this article will explain how they would relate to Tally:

• T0 – Is the zero rate - (0%)
• T1 – Is the current standard rate
• T2 – Is the exempt transactions - (N/A or 0% depending on the transaction)
• T4 – Is the VAT on sales registered EC customers
• T5 – Is the reduced rate VAT at 5%
• T7 – Is the zero rated purchases from EC suppliers
• T8 – Is the standard rated purchases from EC suppliers
• T9 – Is out of scope not to be included on VAT return - (N/A)

Sage also have their own terminology for audit trail transactions – these are also visible in Tally’s Sage Export report.

• BR = Bank Receipt
• CP = Cash Payment
• CR = Cash Receipt
• JD = Journal Debit
• JC = Journal Credit
• SI = Sales Invoice – default
• SR = Sales Receipt
• SC = Sales Credit Note
• SD = Discount on Sales Receipt
• SA = Sales Receipt on Account
• PI = Purchase Invoice
• PP = Purchase Payment
• PC = Purchase Credit Notes
• PD = Discount on Purchase Payment
• PA = Purchase Payment on Account