I'm having trouble with budgets in Sage 50 2010. When I check data I get "Account 1200 Budget is negative"
In Instant Accounts I can simply click on the nominal record and I can see the budget table which I can edit. But in Sage 50 2010 I have not got this.
However, I see that I have got a Budgets link under Company. When I drill down in the nominal area I can find my bank account, but I see no negative figures. Note it is in the Current Liabilities section as it is overdrawn, not sure if this is relevant.
I'm really stuck on this, any help would be appreciated.
The bank account is overdrawn. If it is shown as a liability it won't be shown as a negative figure, because it's a liability intead of an asset. If it were still shown as an asset, the figure would be negative.