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Posting purchase of shares

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Baker101
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Posting purchase of shares

Post by Baker101 » 12 Aug 2019, 18:07

How do I post the purchase of shares in another company

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brucedenney
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Re: Posting purchase of shares

Post by brucedenney » 13 Aug 2019, 13:13

Shares in another company are an asset purchase so you need to create an asset account in the 00xx number range and post the expense to there.

This is assuming you are following the standard sage nominal code numbering convention.
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