I am using SAGE 50, my employer pays my salary which I post to the following Journal
7003
2210
7006
2211
2220
Now my employers other company have agreed to reimburses my employer half of my gross salary as I do a certain amount of work for them, in effect they share my services. Now this has appeared on the bank statement as receipt. How do I post the receipt, do I post as a Bank Receipt and to which nominal code?/
You probably need to book it against an invoice to the other company as a sales invoice receipt......either that or book it to 'other income' as a 'cash sale'. Better to have some document if not a sales invoice to show what has been agreed and what is happening.
Of course if you are actually working for both businesses, perhaps there should be two separate employments and payrolls? The first scenario seems reasonable if it is just for services by the business not employment of you.
