Hi - hope anyone can help.. I've just started with a community interest comany with 6 directors and a number of retail units with tenants. The culture is a bit of a barter economy so tenant directors often ask rents to be offset by expense purchases they make for the good of all. Or else a number of our tenants share use of our streamline card machine and we get the money and then reimburse less a small commission. Tenants often ask to offset these against rents and utilities as well. In trying to track all these inter-linking transactions I am completely overwhelmed by all the contra-payments going on and am losing track in sage....please can anyone help me navigate these with a standard process of contra-ing that will work
Depending on the version, have you tried using the contra wizard. Am I reading correctly and you have entered as customer and suppliers? I am wondering whether it would be slightly less technical to open as its own bank account and when paying balance transfer the amount paid from bank to the director bank account.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
I was wondering if it may be easier to keep track of them all in a spreadsheet and then transfer totals to Sage on a monthly/weekly basis? Or will this not give you the information you need?
I am using sage instants so unfortunately no contra wizard. I am leaning towards doing it all in excel and transferring totals as suggested - thank you for your help! RT
