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lfc


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Sage Quick Books
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Can anyone help with how I post the following. We have a property letting business and have invested in Scottish Widows to eventually pay off the mortgage. How is this posted in Sage

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Dalbir


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Hi

Need more info here. is it an ISA with fixed interest rate or linked investment fund (that can go either up or down)?

Dalbir

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Merlion ABS


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Is it an endowment? fixed interest? Unit Trusts? need a bit more info.


but I would say easiest way, is to set up an investment nominal code within the debtors section or assets section on the balance sheet.

Post the initial investment payment CR bank DR Investment, and then if you invest any more, just keep posting every investment payment into the investment nominal code in the balance sheet

Then, when you get an interest statement, or a valuation statement, post the interest to interest received nominal code, or post the growth in valuation (diff between current value and initial investment) to the a new nominal code called profit & loss on investment in the profit & loss.

This way the balance sheet will reflect the value of the investment and the profit & loss will show the growth and earnings.

Thats the general jist of it, but without knowing the actual investment type, I cant really be accurate with the correct postings.

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