The Book-keepers Forum (BKF)

Post Info TOPIC: Client using personal bank account


Veteran Member

Status: Offline
Posts: 57
Date:
Client using personal bank account
Permalink Closed


Hi all,

I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since.  If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the personal bank account?  How would I know what else was paid from the personal account for the business?

I would be grateful for any help.

Thanks,
Jo

__________________
Joanne Booth


Member

Status: Offline
Posts: 23
Date:
Permalink Closed

I've found this is quite common, especially with my smaller clients. First of all I always let my clients know it is there responsibility to let me know what expenses they are paying for personally - I'm not a mind reader, so I always put the ball in their court. The easiest way to pay off the expenses on Sage is to create a new bank account just for private funds introduced. This way you can keep this separate from the main business account and also lets you clear the purchase invoices you posted onto Sage. This would also work for sales which have not been banked in the business account.

Sarah



-- Edited by Sundance at 08:46, 2007-11-16

__________________


Veteran Member

Status: Offline
Posts: 57
Date:
Permalink Closed

Thanks Sarah,

That's a good idea about a seperate account in Sage.  I have rattling my brain on how to approach this.

Jo

__________________
Joanne Booth
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About