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Cheshire


Master Book-keeper

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Year end adjustments re uncleared cheques
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Hi

There is only one cheque that is o/s - issued in Sep and not yet presented and the year end is Sep.  How do I show in Sage please?

 



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
VinceH


Expert

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If it hasn't already been done, you simply enter the cheque on Sage, dating it the day it was sent out.

It'll show up in your transactions for September, debiting whatever nominal code or purchase ledger account it relates to (and possibly VAT inputs) and crediting the Sage bank balance for September.

If you've used Sage's bank reconciliation, then at the end of September it'll be on the list of unreconciled transactions - or BE the list of unreconciled transactions if it's the only item! :)

That's all there is to it; not special treatment necessary.




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Vince M Hudd - Soft Rock Software

(I only came here looking for fellow apiarists...)
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Thanks Vince - I hadnt entered it as there is no invoice - its a charity donation, just found out that the cheque had been issued! I will enter it through the Bank and leave in the unreconciled bit.



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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