I work in accounts of two restaurants, will have to post weekly sale/turnover in to Sage and not too sure how to do it.
For example there is 30000.00 ( including VAT ) of weekly turnover, how should I post it? Normally we there is customer and all we have to do is issue an invoice.
unless the till receipt states the VAT amount - use the calculate net button on sage to calculate for you (enter gross in Net box - T1, calc net) dont press more than once.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
Presumably the takings are a combination of cash/card/cheque. What I would do is create a "takings" account in the bank accounts codes. Post the constituent parts to this account as bank receipts with the narrative cash taking w/e x, streamline takings w/e x, cheques w/e x, using the appropriate tax code and if necessary calc net. Any payments taken from the takings before the money is banked posted to this same account as bank payments with the appropriate nominal code, tax code and narrative of what it is w/e x. Then do a bank transfer from the "takings" bank account to the bank account which can be reconciled on the bank statement. Anything as a float bank transfer to the Cash bank account. HTH
