Hi, The company I am working for is going to buy shares in another company, Do I raise a sales invoice and post to investments ? The accounts package I use is Sage, any help would be appreciated, Regards Lee
You wouldn't raise a sales invoice as that would credit the investment nominal code.
What you'll need to do will depend on the details of the purchase. For example, you could just post the bank payment to the investment nominal code. If the shares are purchased but payment will follow later, or in stages, then you'll need to show the resulting creditor in Sage. You could use a dummy supplier account for this (and post dummy supplier invoices) or set up a new nominal code for the creditor and use journals (DR Investments, CR Other creditor) to show the transaction.
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