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Post Info TOPIC: Sage nominal codes for dental practice/bookkeeping
Mary89


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Sage nominal codes for dental practice/bookkeeping
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I'm trying to set up the accounts for a private dental practice but I'm worried that I choose the wrong nominal codes.

Would it be correct if I'd use n/c 1101 for patient income (current assets)?

Also, how do I enter it? I will get a list of the patients with the amount what they paid by credit/debit card from another software. The money comes through Streamline.

It is a very small ltd co so there isn't too much paperwork I just can't get my head around how to start it. I used sage before for a retail company but now I a bit stuck.

Any guidance would be appreciated!! I'm sooo confused...confuse

Many thanks!

Mary



-- Edited by Mary89 on Wednesday 20th of June 2012 11:02:34 PM

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MarkS


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Hi Mary

If patient income then would be in the income code range 40xx.

Assume has a business bank account so would enter any income as a bank receipt through the bank module probably to account 1200.

Seems like it would be a good idea to go on a SAGE beginners course and/or accounting course if  you think that patient income should be coded as a current asset.

Regards

MarkS



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Mary89


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Thanks! I think I have to do that!



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Jane Kelly


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Hi Mary,

I can help you with some basic Sage training, which would help you set up the nominal codes for your dental client.

Drop me an email if you're interested.

Janesmile



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Author of Sage 50 Accounts For Dummies, Sage One for Dummies and Bookkeeping for Dummies

http://www.sagemadesimple.co.uk

Email: jane@sagemadesimple.co.uk
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