My husband is in the process of buying a business and I have been drafted in to do financial due diligence on it.
I have been using Quickboks for years but have never used Sage and I'm really struggling to find the things I take for granted on Quickbooks.
I've been trying to look at the bank account with balances so I can see the cashflow situation over the last year but I can't find a report that gives me this info. If I go to 'Bank' and click on statement it doesn't seem to show an accurate bank balance although it shows the current balance correctly. Where can I find this info?
Also does payroll integrate with Sage like it does in Quickbooks. The admin girl seems to do a journal entry each month for the payroll - is that what you have to do?
Weird I was just looking at the bank statements today and thinking how nice it would be to have them in date order rather than transaction, ............... and there you go, it's like this forum is magic and can read my thoughts.
Thank you all for your help. i'm not back in there until tomorrow so will have a look then. Sounds like that will give me what I need.
How do you set up the nominal link so payroll integrates. I'm doing the payroll with the administrator tomorrow, so it would be quite good if I can show her how to do it as she said it's something she'd always wondered about but never got round to looking at.
Also another question. How many licences do you get with Sage Line 50? It's held on a central server with 4 current users.
In Payroll you need to go into Company > Nominal settings and select the nominal codes you want stuff to go to on the P & L and Balance Sheet, then tick the little box that says use nominal link. Remember the P & L codes are in the 7000 range and the Balance Sheet ones in the 2000 range.
Regarding licences for Sage line 50, it depends on what you purchased.
