hi, I have been given Sage instant accounts by my manager and told to learn it quickly as he wants us to use it! I have had some help from a friend who uses it to keep track of purchase invoices and payments they have made.
The nature of the company I work for is we manage contractors - therefore every week we recieve an invoice from said contractor for the number of hours worked and pay him/her that figure. We then invoice the company the contractor is working for and they pay us (slight profit is made per hour!) ! I need to know what nominal codes to put for:
1) contractor
2)client (company)
under??? Im aware enough to realise if I get this wrong on intial set up it will cause problems further down the line ! I have tried the company accountant and got no joy (???)- I appreciate that this is really basic....well basic to someone who understands Sage !! look forward to hearing from someone!
So, I'm guessing the company the contractor works for will bepart of your turnover, so will need to go to the 4000 range in Sage and the contractor who you pay is likened to a purchase, so I would put them under the 5000 code.
You will need to set the companies up as customers and the contractors as suppliers.
