Sage Help Please


R

Rachel

I hope this is the right place to post, sorry if it's not.

Can anyone help me with how to post the following on Sage Line 50.

Wrote a chq out for £1000 as a deposit to a Solicitors. Little while later Solicitors send invoice
for £483 (vat element £70) and a chq refunding the £517 not used. Need to show the 2 cheques through
the bank account and also the supplier account needs to show a zero balance once everything is
allocated with the correct turnover of £413.

What is the correct to do this as everything I've tried doesn't work. If I haven't explained
everything very well, I'm sorry. If you need any further information, ask and I'll do my best to
give it to you.

Thank you, Rachel
 
Ad

Advertisements

J

Jonathan Bryce

Rachel said:
I hope this is the right place to post, sorry if it's not.

Can anyone help me with how to post the following on Sage Line 50.

Wrote a chq out for £1000 as a deposit to a Solicitors.
Supplier payment to the solicitor. Don't allocate it to anything, so it
will go in as a payment on account.
Little while later
Solicitors send invoice for £483 (vat element £70)
Purchase invoice in the normal way
and a chq refunding the
£517 not used.
Credit note, tax code T9 to suspense.
Bank receipt, tax code T9 from suspense.
 
R

Rachel

Jonathan Bryce said:
Supplier payment to the solicitor. Don't allocate it to anything, so it
will go in as a payment on account.


Purchase invoice in the normal way


Credit note, tax code T9 to suspense.
Bank receipt, tax code T9 from suspense.
This is where I'm getting stuck. I did a credit note for the supplier account using suspense account
but all this did was bring the supplier account further into a minus balance and reduce the turnover
figure. Have I done the credit note correctly or should it be not be done like a "normal" credit
note.

Also I must be doing something wrong as the credit note to suspense has gone on the credit side as
has the bank receipt from suspense. Credit note to suspense is meant to go on debit side...bank
receipt from suspense meant to go on credit side, have I got that right?

Thank you for your help so far.
 
P

Peter Saxton

This is where I'm getting stuck. I did a credit note for the supplier account using suspense account
but all this did was bring the supplier account further into a minus balance and reduce the turnover
figure. Have I done the credit note correctly or should it be not be done like a "normal" credit
note.

Also I must be doing something wrong as the credit note to suspense has gone on the credit side as
has the bank receipt from suspense. Credit note to suspense is meant to go on debit side...bank
receipt from suspense meant to go on credit side, have I got that right?

Thank you for your help so far.
You don't post a credit note - it should be a "dummy" invoice.

Jonathan knows the right answer but he just made a mistake!
 
R

Rachel

Peter Saxton said:
You don't post a credit note - it should be a "dummy" invoice.

Jonathan knows the right answer but he just made a mistake!
Does that also affect the turnover figure in the suppliers account? Is that not a problem if it
does? And can you clarify a "dummy" invoice? I'm sorry to be so dense. I am only on level one of my
bookkeeping course.

Thank you muchly.
 
Ad

Advertisements

P

Peter Saxton

Does that also affect the turnover figure in the suppliers account? Is that not a problem if it
does? And can you clarify a "dummy" invoice? I'm sorry to be so dense. I am only on level one of my
bookkeeping course.

Thank you muchly.
It does affect the turnover figure but it's only a memo figure.

A dummy invoice is one that is only internal.

The problem is that Sage doesn't have routines for various
transactions or if they do they are badly implimented.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top