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[…]
In the last article I went over how Sage Financials handles raising an invoice at one exchange rate, and receiving payment at another rate.(See; Sage Financials & multi-currency). In this article I will cover Currency Adjustments. Here is the problem: If I raise a sales invoice for $100,000 on 5th Jan when the exchange rate is 1.28 Read more about Sage Financials & multi-currency: Part 2[…]
If you are like me and haven’t got an accounting qualification, you may find it difficult to understand how multi-currency works, and why it’s such a big deal. In the first in a series of articles explaining how multi-currency works I will go over the key problem of multi-currency and how this is resolved in Read more about Sage Financials & multi-currency[…]
When I started working with Sage Financials (Sage Live in those days) Dimensions seemed to popup in the oddest of places. One reason I found is so hard to get my head around them is that there are actually THREE different kinds of Dimension. Analysis Dimensions These are the easiest to understand – they work Read more about Dimensions in Sage Financials explained[…]