Setting up Corporate Credit Cards in Expensify

Corporate Credit Card vs personal Credit Card Corporate Credit Cards can be configured at the company level, providing auto-matching etc. With personal credit cards you setup a feed but most people just scan in their receipts like cash expenses. This article is about setting up Corporate Credit Cards only. Users – Policies – Domains In Read more about Setting up Corporate Credit Cards in Expensify[…]

Issue 16: Working with a single Account for multi-companies or Supplier AND Customer

Supplier and customers are defined in Sage Financials in more than one object, and this caused some serious problems with the Account page. The good news is Sage brought in a new feature, without any mention of it in the release notes that I can see, to make this work properly. What is the Problem? Read more about Issue 16: Working with a single Account for multi-companies or Supplier AND Customer[…]

Control Balance Account in Sage Financials explained

Hidden in every Dimension record is a field called ‘Balance Account’ which has a powerful impact on the way Dimension Tags work. This can be left blank or set to a Ledger Account, and there is one special Ledger Account ‘Control Balance Account’. How does the Balance Account work, and what is the significance of Control Balance Read more about Control Balance Account in Sage Financials explained[…]

Fix Transaction Import Feed

Fix Transaction Import Feed I’ve spend hours & hours struggling with the Transaction Import Feed problem. I’ve condensed those hours into a 1 minute video to save you the grief! I was hoping this would also enable me to import data into custom fields using this kind of Feed Broker Rule: Property Name: Header.MyCustomField__c Property Read more about Fix Transaction Import Feed[…]

Sage Financials: what now?

Sage Financials: what now? The news that Sage are no longer selling Financials will come as a blow to many users who have invested heavily in both consultancy costs and the time to learn a new system. Though Intacct may be a great product it can never offer the ease of integration with Salesforce that Read more about Sage Financials: what now?[…]

Foreign currency Supplier Payments using a Foreign Currency bank account

Reconcile Supplier Payments with no bank charges The scenario is: You add a Purchase Invoice for $3,540.67 in Jan when the exchange rate is 1.20 You pay the supplier in full, $3,540.67, in Feb when the exchange rate is 1.30     Reconcile Supplier Payments WITH bank charges The scenario is: You add a Purchase Invoice Read more about Foreign currency Supplier Payments using a Foreign Currency bank account[…]

Foreign currency Supplier Payments using a GBP bank account

Reconcile Supplier Payments with no bank charges The scenario is: You add a Purchase Invoice for $5,340.70 in Jan when the exchange rate is 1.20 You pay the supplier in full, £4,104.00, in Feb and are quoted an exchange rate of 1.30134 by the bank.   Reconcile Supplier Payments WITH bank charges The scenario is: You Read more about Foreign currency Supplier Payments using a GBP bank account[…]

Foreign Currency

For an overview of the issues with Foreign currency please see these articles: Sage Financials multi-currency part 1 Sage Financials multi-currency part 2 Our recommendation If accounting for currency fluctuations is important to your business, then this is one reliable way to handle your fx transactions: Exchange Rate Set your exchange rate on the first Read more about Foreign Currency[…]

Foreign currency receipts using a foreign currency bank account

Reconcile Customer Receipt with no bank charges The scenario is: You raise a Sales Invoice for $672 in Jan when the exchange rate is 1.20 You receive payment in full in Feb when the exchange rate is 1.3.   Reconcile Customer Receipt WITH bank charges The scenario is: You raise a Sales Invoice for $700 Read more about Foreign currency receipts using a foreign currency bank account[…]

Foreign currency receipts using a GBP bank account

Reconcile Customer Receipt with no bank charges The scenario is: You raise a Sales Invoice for $464.91 in Jan when the exchange rate is 1.20 You receive payment in full, £357.62, in Feb when the exchange rate is 1.3.   Reconcile Customer Receipt WITH bank charges The scenario is: You raise a Sales Invoice for $480 Read more about Foreign currency receipts using a GBP bank account[…]