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Search found 3 matches

by Red77
21 Jan 2015, 14:30
Forum: Bookkeeping and Management Accounting
Topic: Make a provision
Replies: 6
Views: 9295

Re: Make a provision

Another thought that just came to me. I already have a provision for bad debt, as standard. This is obviously on the Debtors ledgers, would it be acceptable to add in the same grouping next to Provision for bad debts, 'provision for …' and another one 'provision for …'? My understanding is, and plea...
by Red77
21 Jan 2015, 14:23
Forum: Bookkeeping and Management Accounting
Topic: Make a provision
Replies: 6
Views: 9295

Re: Make a provision

Hi!

Many thanks indeed. I too understand the importance of not touching a control account. Sage won't allow it directly anyway.

That makes a lot of sense thank you.

Out of interest though, why not an Accrual?

Thanks so much.

Red
by Red77
20 Jan 2015, 12:13
Forum: Bookkeeping and Management Accounting
Topic: Make a provision
Replies: 6
Views: 9295

Make a provision

Hi I'm new the site and wondered if someone could help me please. I am at year end 31st Dec, and I need to make a provision for a couple of items in Sage before sending to my accountants. Is it just a matter of setting up a new Nominal Provision Code? One is on the Debtors Ledger and the other is Wa...