WARNING – EXPERTS ONLY Journal Posting problems If you heavily customise posting rules, I’m sure you will have come across this problem. The posting rules look fine, but when you add a new Journal the UX does not ask for the right fields, or the journal just fails to post. Here is a video showing Read more about Fixing Journal Posting Rule[…]
This explains how to manage Payroll when using the new Bank Reconciliation. Basically you clone the Ledger Entry from the previous month and overwrite the details. But this does not generate anything you can use in Bank Reconciliation, so the Payroll Ledger Entry posts the salaries payable to ‘2220 Salaries and Wages Payable’ and in Read more about Payroll – Bank Reconciliation[…]
This explains how to manage Payroll when using the old Bank Matching. Basically you clone the Ledger Entry from the previous month and overwrite the details. This will update the Dimension Tag balances that you match to in Bank Matching. Payroll Ledger Entry Editing tips with Grid View Editor
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
New Bank Reconciliation – how does it work? The new Bank Reconciliation is a real game changer for Sage Financials. It has the potential to drastically reduce the time and effort required to process basic bookkeeping and improve accuracy by reducing data entry. It is a massive improvement on the old Bank Matching – intuitive, Read more about **All New** Bank Reconciliation in Sage Financials – how does it work?[…]
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