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Post Info TOPIC: Capital Introduced on SAGE V12 instants
Amanda


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Capital Introduced on SAGE V12 instants
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Hi Everyone,

Capital introduced in SAGE V12 Instants should I set up a new code on the 3000 range on SAGE and I presume its a Bank receipt as money is going into the Bank.

Any help would be appreciated.

Kind regards

A x



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Amanda
Nimac


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I would set up a loan account nominal in the current liability section in the 2000 range.

I think of it as a liability to the business - money owed from the business to the owner.

Nigel.



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Amanda


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Many thanks Nigel will do that.

regards
A x

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Amanda
TraceyAnn


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Is the client a sole trader? if so, capital introduced should be shown with drawings in the 3000 range. If the client is a limited co, then I would do the same as Nigel and show the money as a current liability.

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Amanda


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Posts: 1991
Date:
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Hi,

Yes he is a Ltd company so I shall put it under the 2000 range.

Many thanks

A x

-- Edited by Amanda at 20:24, 2009-02-16

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Amanda
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