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Post Info TOPIC: Cash Expenses - Sage Instant Accounts
Sozzybobs


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Cash Expenses - Sage Instant Accounts
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Could someone give me their opinion on how to post cash expenses.

I have a new client who is a sole trader and he has cash expenses which are recorded on an expenses sheet on a monthly basis.  How would these be recorded? The amount in the past has always been allocated to drawings, there being a standing order of £1,000 going out of the business account each month and not the specific amount for the expenses.

In the past TAS has been used and now the software has been changed to Sage. 


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Sozzybobs
Wendy


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Hi

On Sage I would post the cash expenses as cash payments. Any capital introduced into the business would be a debit to the cash account using a cash receipt.

Wendy

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Sozzybobs


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Wendy,

Thanks for the information.

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