Upon checking my COA. i have an error for the following: Nominal Code xxxx not represented in the chart.
The nominal code set up is the loan account that was set up in the bank module as i use it to pay off supplier invoices if paid for by another company. Should i be creating the loan account nominal code in the floating nominal accounts.
So its really an inter company account? Does it go into both debit and credit as that is really what the floating accounts section is for? Im thinking you maybe just need to expand your chart to cover it - can you advise what the code is?
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Owner has 2 seperate companies but only 1 Ebay/Amazon account so i have set up the loan account for each company. Thinking about it now floating account is not what i need to use. Code is 1215 and set up in the bank module to pay off invoices. Cant understand why i have the error as when i check the COA for the other company is it fine for the loan account.
Strangely Ive had this one one sage version but not on another.
In some Bank accounts only cover 1200 - 1209 (which are floating) and then the others come under say 1210-1239 for deposits and cash and then the credit card type as 1240-1250.
If you are comfortable changing your chart, backup first (check it works, blur blur) then double click on the chart and amend it to allow for 1215. If not - then do me a screen print of the chart under both the current assets section and current liabs and I will see if I can spot anything.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
I upgraded Sage last month for the company i have the problem with. Im fairly confident that i checked a few months and everything was fine. Other company is still running off last years version of Sage and no problems. Wondering now if the new Sage has sent it in a tizz.
I did amend but when i saved it came up with imcomplete COA. I then added the loan n/c on a new line and kept the range as 1215 to 1215 but again i had the same message.
1215 is in the assets section under deposits I'm guessing. So you maybe double counting as it will cover say 1210 to 1249. So you need to say call the deposits 1210 to 1214. Then have the loan as 1215 to 1215. Then cash from 1216 to 1249. But would suggest you do maybe have it as floating if it goes overdrawn otherwise it won't report in the correct place.
As an aside, you do know that sage perpetual licences can be kept for many many years, you don't need to upgrade every year. Will cost you way more than necessary. Or are you in the Accountants club?
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Fixed :) i have broken down the codes a little more. Client pays for Sage and paid for the upgrade without telling me. Im toying with the idea of Sage One. Only thing putting me off is entering all of the data.
Yey! I would tell them to only upgrade when they need to, good advice/keeps their costs down.
No, don't ho down the sage one route. It's garbage . Very slow. You can't process batch style, you can't use f6 and best of all, you can't use it if you have any kind of internet blip. Oh and no backups. I could go on. Don't do it!!!!!!
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Thanks - i think i'll stick to my desktop version. I dont fancy all the additional work that would be involved either with transferring everything over. Only thing thats slightly un-nerves me with desktop is if every my laptop died. Saying that i religiously back up to a memory stick. Just hope i never have that one day where i dont back up and laptop dies.
As long as you have the original disc you can re set sage up. Double back up, always have at least one on a USB and one in say dropbox. Always check the backups work. My mantra is backup backup and backup again. Every time you close it down do a backup!!!!
Glad to help.
It's Joanne btw. ( i know if you are on a phone you can't see my auto sig with my real name on! )
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
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