Need more, need help now?
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals

Beginner question

Sage 50 general help forum - Free help and support for all general issues
Post Reply
Louise

Beginner question

Post by Louise » 02 Apr 2006, 16:57

Just started on Sage and am trying to teach myself, but what do you do if part of an invoice relates to personal purchases, I would normally split between drawings and business but there is nothing in the manual about drawings or personal spending. I am doing a self employed sole trader. :?

User avatar
brucedenney
Site Admin
Site Admin
Posts: 4619
Joined: 28 Feb 2006, 09:56
Sage Version: v28 UK/Europe/Africa

Post by brucedenney » 03 Apr 2006, 12:41

You can do the same thing as you would in your manual books.

If you enter 2 consecutive transactions with the same date and reference Sage will treat them as splits.

So splitting a £117.50 invoice would be two splits,
one to 3xxx (drawings) for £58.75 T9 £0.00 VAT and
one to 7xxx (the normal expense code) for £50.00 T1 £8.75 VAT

This same sort of thing happens where there are mixed staff/company purchases, where directors buy things and offset against their loan accounts and so on. The same principle applies in all these cases.

Hope this clears it up for you.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.

Louise

Beginner question

Post by Louise » 05 Apr 2006, 18:24

Thank you very much for that - very helpful :D

Post Reply

Who is online

Users browsing this forum: No registered users and 22 guests