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Post Info TOPIC: Help with a 3rd party paying bills!
SamBook


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Help with a 3rd party paying bills!
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Hello All,

What would the correct entries be in sage for the following situation:

Business owner has an invoice
Invoice is paid by business owners other half
Business gives the other half a cheque to cover the invoice they paid

This is probably really simple but cannot get my head around it!!no

Any help gratefully accepted smile


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Susie Sue


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Providing the invoice is in the name of the business post the invoice as usual to the purchase ledger and post the cheque to the other half as a supplier payment as usual which will clear the supplier account.

Does this make sense?!

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Sue
Assist Office Services - Bradford Bookkeeper
gbm


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Hi Sam,

Agree with Sue, assuming it's a sole trader business, it's not as complicated as you think.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 
SamBook


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Posts: 15
Date:
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Thanks for your help! Will do what you suggest

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