The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Sage Posting
Post Info TOPIC: Sage Posting
Dee


Member

Status: Offline
Posts: 5
Date:
Sage Posting
Permalink Closed

Hi, can anyone help.

What is the correct way in which to record expenditure in Sage in a current accounting which doesn't actually materialise in the bank statements until the next accounting period.

Eg.Accounting period:1 Jan-31 dec 2009
Expenditure: Invoice November 2009
Bank statement: Hits bank account in Feb 2010

Dee.

__________________
Marky65


Guru

Status: Offline
Posts: 771
Date:
Permalink Closed

Hi Dee

I would think that you would process the invoice through the purchase ledger in November 2009 and pay this invoice through the bank/supplier payments when the payment is made.

So the invoice shows as an outstanding creditor at the end of the accounting period Dec 31 and is then cleared in the following one.

Regards

Mark

__________________

M & G Associates

Website www.mgassociates-accountancy-services.co.uk/

Accountancy Services Plymouth, Bookkeeping Payroll Sage Training

 
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Permalink Closed

Thats exactly how I would have done it Mark.

regards
A

__________________

Amanda
Dee


Member

Status: Offline
Posts: 5
Date:
Permalink Closed

Thank you Mark and Amanda for you respnses.

So when and how on sage do you accrue for something?

(or do i need to start a new thread on this)

Cheers

Dee.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Sage Posting
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