I've been asked to do the bookkeeping for a company who are registering as a charity. Would I still be able to do the bookkeeping using Sage Line 50 and what are the major differences to bookkeeping for a company?
Sage line 50 can be adapted to handle the bookkeeping of a charity. If you go File, Maintenance, Rebuild data files, there are catagories displayed in the box giving you various types of business. In there you will see you can select Charities or other non-profit making organisation. The difference in Charities bookkeeping is just basiclly some wording. Which is instead of Capital it would be *Accumulated Fund Profit would be * Surplus of income over expenditure(Surplus) Loss would be * Excess of expenditure over Income (Deficit) Trading, Profit & Loss account would be * Income and Expenditure account Balance sheet would be *the same Balance Sheet.
Everything else is much the same as an normal business.
