Hi, I'm relatively new to Sage Instant Accounts and have come across a problem. We are a plumbing and heating company and have lots of invoices and receipts for tools and fuel purchased before the company had a bank account set up. During the start up we also used our own cards and cash for some purchases. I need to enter these transactions into Sage but I'm not sure how. Do I set up a new bank account? I've entered a few receipts using the wrong bank so need to know if I can delete or edit these entries as they are now listed on my nominals under the company module
You can use a petty cash account for the personal payments and off set them against your drawings/ DLA
Any entries that are incorrect you can go into file maintenance and amend them there
Thanks Sharon, You are a star !
One other thing you might be able to help me with is the VAT side of things. Before Sage was introduced with used Excel spreadsheets as our ledgers. Since those VAT returns were submitted we've found a variety of receipts and invoices which we can claim VAT from. When I input these into Sage it throws out all my figures, i've tried to get them to match but it's not happening. Can I assume that as long as the end of year figures match up I will be ok? I'm they will add up but it would be nice to get your view.
