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Post Info TOPIC: Sage Help Please
lots to learn


Senior Member

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Sage Help Please
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Hi

I am hoping someone may be able to help me.

I have taken over the books for a business and quite frankly they are a mess.

They are 2 years behind and have been just inputting into sage sufficient income and expenditure to be able to calculate VAT for the return

There is an accountant handling the year end who admits she is unable to balance it. I am trying to bring things up to date.

I have used sage before but only limited and not for many years.  I have been given a bank summary and I am trying to find these figures on sage for myself before I do any inputting so I am sure I can find my way back to the same point.

My question is I have a list of receipts and payments. The abbreviations do not mean much to me,  how would I find these balances on sage

jc cc tft

jd bank tfrs

jd cc adjustment

reverse cash to bank

cash to bank

errors

recd cash not chq

Sorry if this seems a dim question but I feel totally lost. The more I stare at it, the worse it becomes.

 

 



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Wella


Expert

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Posts: 2256
Date:
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Hi

I am taking an educated guess at the abbreviations, as follows

Journal credit - credit card transfer (bank to C/C?)

Journal debit - bank transfer ( From one bank to another?)

Journal debit - credit card adjustment (private purchase or other?)

Reverses cash to bank (reverses a previous cash to bank entry?)

Cash to bank (cash deposit into bank account?)

Errorss (bit ambiguous but probably an error correction)

Received cash not cheque (indentifies a cash payment, which may or may not get banked)

You will need to look at both sides of the posting to try and fathom what is going on.

HTH

Bill



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lots to learn


Senior Member

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Posts: 330
Date:
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Thanks Bill

That does make sense with the abbreviations

I presume I need to study the audit trail to try and find these movements



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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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