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needhelp


Newbie

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Other Credit Customers!?
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SAGE

If I have a list of records to create credit customers with opening balances...

Textiles Ltd - £200
Simpsons Ltd - £300
Technology Ltd - £400

Then it says at the bottom of the list...

Other Credit Customers - £1000

How would I enter that last balance?

Would I do it as a journal entry, or create an account "Other Credit Customers?"


Also, if I then had to add a list of invoices for those customers and it tells me to enter...

Textiles Ltd - £20 Sales - Invoice No 12345
Simpsons Ltd - £30 Servicing - Invoice No 12346
Technology Ltd - £40 Sales - Invoice 12347

Then it says at the bottom of the list...

Other Credit Customers - £300 Sales  - £200 Servicing - Invoice No 12348

How would I add the one for other credit customers?


SO CONFUSED.

Thanks.



-- Edited by needhelp on Saturday 26th of February 2011 08:54:13 PM

-- Edited by needhelp on Saturday 26th of February 2011 09:01:31 PM

-- Edited by needhelp on Sunday 27th of February 2011 12:09:41 AM

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Donna CBK


Senior Member

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Posts: 426
Date:
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Hi, I would be tempted to create a supplier as "other Creditors" as enter the o/b & invoice that way.
This will ensure you have a matched open creditors balance to the list & new invoice's entered as per list. If you enter the "other Creditors" as a journal in nominal only the "outside books" or aged Creditors list would not balance the same.

Hope makes sense - it is a sunday


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

Payroll & bookkeeping solutions - info@completebookkeeping.co.uk

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