Also get them to open a business bank account to keep everything seperated in the real world, not just in the acounting records.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Then as this is actually the equivalent of a loan to the business rather than using a personal account as a business account which is where I thought that you were coming from originally.
Cr Capital Account: Capital Introduced
Dr Expenses: Motor Expenses
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
You could journal it but I would just enter it as a normal payment then change the default bank to the capital account after you have posted it (as the capital account isn't one of the options from the Payments and receipts screen).
Don't worry, your not being dim.
I find it helps to take a step back and think what you are attempting to achieve rather than trying to concentrate on how to achieve it as some times it's very easy to lose sight of the forest when we're concentrating on the individual tree's.
Its really nice to see so many people adopting VT. Makes a great change from all the questions being about Sage.
kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I've just tried that as up to now I've been journaling them.
Made a payment for £123,456.00 just to see it in action.
As soon as I saw it I deleted it.
If I tried that on Sage my computer would likely explode with Sage's rage.
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Never buy black socks from a normal shop. They shaft you every time.
Sage could learn so much from the user freindly approach of VT Peasie.
You didn't say whether you prefer my method of doing it? I know that its a two step approach but I find it very fluid and easy to slip things in with batches of payments and then just change the sources of funding for the few that are a little different to the norm.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Sage could learn so much from the user freindly approach of VT Peasie.
You didn't say whether you prefer my method of doing it?I know that its a two step approach but I find it very fluid and easy to slip things in with batches of payments and then just change the sources of funding for the few that are a little different to the norm.
I prefer just the one step. Maybe because I am so used to doing it now.
Although, I do use two steps on occasions. For journals that repeat often or payments for that matter I'll just copy a previous payment/journal then edit the date/amount. That maybe laziness on my part though.
Alternative approaches are always good.
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Never buy black socks from a normal shop. They shaft you every time.
A one step approach if this is a regular type of payment is to create a custom transaction type and point it straight at the Capital accounts > Capital introduced ledger/account.
