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Post Info TOPIC: how to do a payment of an invoice with cash and cheques?
RACHELC


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how to do a payment of an invoice with cash and cheques?
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Hi, Please can anyone  help me with this as I am really stuck.

A customer is paying for an invoice of GBP 1000, in which he split the payment in half cash and half cheaque , 500 cash and 500 cheque.

How to I record this transaction using the  Sage bank and cash accounts?

hope to hear from someone and many thanks,

Rachel


-- Edited by RACHELC on Monday 7th of February 2011 01:39:25 AM

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nautica


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Hi

You could put the £500 cash as payment on account to the cash account

Then go back to the invoice and use the wizard to allocate all payments on account to invoice then pay the remaining £500 to current account

 

Martyn



-- Edited by nautica on Monday 7th of February 2011 01:24:22 PM

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RACHELC


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Hi, Martyn,

First of all, thank you very much for your advice, but is it alright to part payment using the Cash account and then tthe remaining to current account?


Rachel

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nautica


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Hi

I would say it was ok as the invoice will still be paid in fullif you are going to pay the £500 cash in to the current accountafter  then just do a transfer from cash account to current account 

i would say someone will soon tell you if its not but like i say think it will be ok

Martyn




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RACHELC


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Hi,

Thank you!

Rachel



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merchantcash


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I agree. Part pay the invoice from the current account and pay the rest from cash/petty cash.


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Donna CBK


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You could also just part allocate the receipt - £500 to cash then £500 to bank.
will work easy enough.

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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900

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herry


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its verry simple

 

cash 500

saga bank 500

                    customer or sales 1000



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adam456


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<< Advice removed as dangerously incorrect >>



-- Edited by Shamus on Sunday 31st of July 2011 10:54:32 AM

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Shamus


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That's not right Adam.

Both are debits.

Herry and Donna gave the right answer above.

kind regards,

Shaun.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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