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Post Info TOPIC: SAGE - Partnership to Limited Company
elephantshow1984


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SAGE - Partnership to Limited Company
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Hello, 

A company that i help with book keeping has recently changed from a partnership to a limited company,  this has coincided with the year end at 31st |March.

i spoke to some one at sage who told me that i can continue to use the same sage accounts.  i just need to change a few things.

i understand that i will need to create a new bank account in sage as at 1st april.  i just wondered if there is anything else to sort?

someone told me that i will need to clear the nominals and post receipts to a suspensse account and journal off the balances to the suspense to clear the nominals.   i wondered if you could let me know if this is correct?

thanks xx



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MarkS


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Take a back up, clear the SAGE file and then start posting for the limited company.

If using same customers, suppliers you may wish to retain these before rebuilding the SAGE file.

Mark



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
elephantshow1984


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Thank you x

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