I get some use of Sage Line 50, purely for invoicing customers really at my place of work. I do however, quote customer prices, then invoice and open some mail. I have noticed that some customers have paid cheques for lets say £129.99 but have just filled a cheque in for £130. This doesn't happen a lot, very rarely actually but what do you do with all the pennies when reconciling the bank?
To be honest i have started invoicing upto the nearest whole pound to help the dumbo's out.
I get some use of Sage Line 50, purely for invoicing customers really at my place of work. I do however, quote customer prices, then invoice and open some mail. I have noticed that some customers have paid cheques for lets say £129.99 but have just filled a cheque in for £130. This doesn't happen a lot, very rarely actually but what do you do with all the pennies when reconciling the bank?
To be honest i have started invoicing upto the nearest whole pound to help the dumbo's out.
Wasn't there a film (comedy) about a bank worker who syphoned off all the odd cents left in dormant accounts, and accumulated a lot of money. I seem to recall it was based on a real event.
I leave them on account for a while but eventually get fed of seeing them on the debtors list and write them off using the customer write off/ refund tool in Sage 50.
You can set the maximum you want to write off, and it will write off any small under/ overpayments to bad debt.
I can not stand to see odd pennies here and there so normally write them off quite quickly. Is it OK to that? It is probably about 25p a year so rather insignificant.
I leave them on account for a while but eventually get fed of seeing them on the debtors list and write them off using the customer write off/ refund tool in Sage 50.
You can set the maximum you want to write off, and it will write off any small under/ overpayments to bad debt.
I can not stand to see odd pennies here and there so normally write them off quite quickly. Is it OK to that? It is probably about 25p a year so rather insignificant.
This is what I do too. I cannot stand seeing all the little odd pennies either. 25p or so a year is nothing in the grand scheme of things. Materiality?
I get some use of Sage Line 50, purely for invoicing customers really at my place of work. I do however, quote customer prices, then invoice and open some mail. I have noticed that some customers have paid cheques for lets say £129.99 but have just filled a cheque in for £130. This doesn't happen a lot, very rarely actually but what do you do with all the pennies when reconciling the bank?
To be honest i have started invoicing upto the nearest whole pound to help the dumbo's out.
Wasn't there a film (comedy) about a bank worker who syphoned off all the odd cents left in dormant accounts, and accumulated a lot of money. I seem to recall it was based on a real event.
Is there not three or four of them involved? Does one of them not get shifted from his office into a cupboard because he can't speak up to object? (Talk about being vague).
__________________
Never buy black socks from a normal shop. They shaft you every time.
