Web Sales


B

Bruno

Hi all,

We are selling products over the Internet and taking orders using WorldPay
who hold the money for 4 weeks before putting it into our bank account. What
is the best way to enter these sales into Sage? Should each sale be an
invoice?

Thanks,

Bruno
 
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D

Dave

deadlink74 said:
Hi all,

We are selling products over the Internet and taking orders using WorldPay
who hold the money for 4 weeks before putting it into our bank account. What
is the best way to enter these sales into Sage? Should each sale be an
invoice?

Thanks,

Bruno
Sounds like a good idea
--

----- + ----- + -----
The internet is too big to fit in your recycle bin
Do you REALLY want to delete it?
----- + ----- + -----
 
K

Keith

Dave said:
Sounds like a good idea
Not sure I agree. Sounds like the classic 'ebay' selling situation to
me..

'Worldpay', and all the other credit card facilitators, guarantee funds.
Less their commissions etc..

Why bother generating separate invoices, in separate client names, most
of whom you'll never hear from again..?

On ebay the successful bidder has to indicate payment method. Gives the
opportunity to consolidate clients.

I would suggest setting up a sales ledger account in Sage for
'Worldpay', 'Paypal' and each other c/card facilitator. If the OP takes
cheques there's no reason not to have a generic 'Cheque payment' ledger
account..

Personal buyer data can be entered into the Sage 'details'box within a
SI..

Post each SR to the sales ledger under the generic name of the credit
facilitator, matching transactions, of course.

Enter monies received (gross receipt), then PP the facilitator costs as
a lump sum.

Simple. In my opinion.
 
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P

Peter Saxton

Not sure I agree. Sounds like the classic 'ebay' selling situation to
me..

'Worldpay', and all the other credit card facilitators, guarantee funds.
Less their commissions etc..

Why bother generating separate invoices, in separate client names, most
of whom you'll never hear from again..?

On ebay the successful bidder has to indicate payment method. Gives the
opportunity to consolidate clients.

I would suggest setting up a sales ledger account in Sage for
'Worldpay', 'Paypal' and each other c/card facilitator. If the OP takes
cheques there's no reason not to have a generic 'Cheque payment' ledger
account..

Personal buyer data can be entered into the Sage 'details'box within a
SI..

Post each SR to the sales ledger under the generic name of the credit
facilitator, matching transactions, of course.

Enter monies received (gross receipt), then PP the facilitator costs as
a lump sum.
Surely not PP? Wouldn't it be better to show the WorldPay costs as a
credit note?

You make a sale for 100:

Raise invoice

Dr Sales ledger 100
Cr Revenue 100

You receive 90 after WorldPay costs of 10:

Receive the 90 as a bank receipt

Dr Bank 90
Cr Sales ledger 90

WorldPay costs of 10 treated as a credit note

Dr WorldPay costs 10
Cr Sales ledger 10
 

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