Sorry should have been clearer. Am using Sage Line 50 and my German partners want me to do it as a bank payment and then a bank receipt in the other account, rather than just doing a straight bank transfer. So I need to assign a nominal code to it. Any ideas?
Seems a bit strange to me but I would probably set up a new bank account in 12xx if pushed. That way it will a current asset/ liability depending on the balance.
If there are lots of transfers, I suppose it may make it easier to manage/ control
Given that it really is just a straight transfer, I'd just use mispostings rather than set up another code - after all, it won't leave a balance.
However, if it was me, I would be inclined to press them for a reason before doing that and, perhaps, try to persuade them that doing it their way serves no obvious purpose.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
My bees are, as well, since landing here - because I've turned their hives into a very large counting machine. Each hive is a nominal code... so every time I do a journal, some of the bees have to move home. ;)
I'm thinking of getting some wasps, as well, so I can work in Euros, at an exchange rate of approximately 1.15 wasps to the bee.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
