Payments to suppliers
First decide who you need to pay (see Who needs paying) Then pay the purchase invoices as show: Paying a Purchase Invoice Viewing the payments Paying a Multiple Invoices
First decide who you need to pay (see Who needs paying) Then pay the purchase invoices as show: Paying a Purchase Invoice Viewing the payments Paying a Multiple Invoices
The VAT Detail Report allow you to view Net, VAT and Gross for each invoice by Tax Treatment. VAT Detail Report First run the VAT Submission from the ‘Compliance’ tab Navigate to the ‘VAT Report’ tab Choose the VAT Period (this lists Periods that have had VAT Submission run) Click [Run Report] and the VAT Read more about VAT Detail Report[…]
Using Dimensions to manage Loans you do not need to amend your Chart of Accounts when you take out a new loan, you can do this using Dimensions Tags Adding the Bank or Hire Purchase Dimension Tag Before entering a Bank Loan or a Hire Purchase Loan you need to add a new Loan Dimension Read more about Loan & Hire Purchase Processing[…]
To illustrate how factoring works lets work through an example of a £1,000 + £200 VAT sales invoice Raising Sales Invoice Raise the Sales Invoice in the normal way This produces the following postings: Sales Invoice Db Cr 1100 Debtors Control Account (BS) £1,200 2200 Sales Tax Control Account (BS) £200 4000 Equipment Sales (P&L) Read more about Factoring[…]
Once you have run [Get Transactions] to pull in bank transactions using Sage Bank Feeds or a CSV import, you can reconcile the bank transactions. Getting started with Bank Reconciliation 123 Step Processing Reconcile a Customer Receipt Reconcile a Supplier Payment Reconcile a Bulk Supplier Payment Reconcile a Supplier Payment Read more about Bank Reconciliation[…]
The easiest way to enter a Credit Note is to raise it against and invoice. However there are situations when this does not work (see below) Raise a Credit Note against an invoice Raise a Credit Note against MULTIPLE Invoice Raise a Credit Note against a PAID invoice Credit note with foreign currency
The easiest way to enter a Credit Note is to raise it against and invoice. However there are situations when this does not work (see below) Raise a Credit Note against an invoice Navigate to the Invoice and choose ‘Credit’ from the drop-down at the top right. This then gives you the opportunity to partially Read more about Purchase Credit Notes[…]
Sales invoicing is a 2 step process but purchases follow 3 steps: Enter the invoice Pay the invoice Reconcile the bank payment To find out who needs paying, follow this link: Who Need Paying When you have paid the supplier through the online banking system you can flag the Purchase Invoices as paid using [Mark Read more about Mark Paid[…]
Who Needs Paying? You can find out which invoices are due for payment in a number of ways: From the Home page, Click ‘View Report’ from the ‘Purchases– Outstanding Invoices’ Dashboard chart (NB this will NOT show Opening Balance invoices) Choose ‘Purchases’ tab and ‘REPORTS’ sub tab. There are several reports, but ‘AP – Invoices Read more about Who Needs Paying[…]
Who owes you money? You can find out which invoices are due for payment in a number of ways: From the Home page, Click ‘View Report’ from the ‘Sales – Outstanding Invoices’ Dashboard chart Choose ‘Sales’ tab and ‘REPORTS’ sub tab. There are several reports, but ‘AR – Outstanding Invoices’ should be useful The ‘CUSTOMERS’ Read more about Credit Chasing[…]