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Post Info TOPIC: Posting Drawings
Sian


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Posting Drawings
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Hi, 

I am wanting to put drawings through Sage Instant Accounts, do I go into Bank - Payment - Nominal code 3001 (drawing) - amount?

 

Hope someone can help.......?



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Amanda


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Yes that is the way I do it in Sage instants. Just post it as a Bank Payment, not sure of the nominal code as I don't use it that much and I haven't got it open at the mo to check.

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Amanda
Sian


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That's great - thanks for your help!

Also, can you advise me on showing money deposited. I presume I go into the bank, but then not sure what to do from there. They are for payments into the bank using paying in slips.

 

Thanks,

 

Sian



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Rhianrach


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The default for drawings is 2300.

If you are paying in cash to the bank you would transfer cash from your cash account (eg 1216) to your current account (eg 1200).

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Steve
Sian


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Thanks Steve,

 

Some are payments by cheque and some cash - does that make a difference? Also the cash account is at zero balance, if I take from there to the main bank account then the cash account will then be a negative figure- is this right?

 

Thanks,

 

Sian



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ClareB4


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HI Sian

Where did the cash come from? If it is, for example, a customer paying an invoice, then you would receipt that invoice to the cash account and then when you bank the cash, transfer it over from the cash account to the bank account.

Hope that helps
Clare

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Bruton Young Bookkeeping - www.brutonyoung.co.uk
Sian


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Thanks Clare, that does help!

Sian

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