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Deposit paid to supplier

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sajooo@yahoo.com
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Deposit paid to supplier

Post by sajooo@yahoo.com » 11 Apr 2017, 08:24

A deposit paid to supplier for hiring tools , what is the best way to enter on to sage rather than payment on account. is it possible to show as a deposit.

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brucedenney
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Re: Deposit paid to supplier

Post by brucedenney » 11 Apr 2017, 09:48

You could do it as a bank payment against a creditor account for deposits.

I guess if it is a significant amount and straddling the year end it would be appropriate to have it separately shown.

I would normally do it as a payment on account then do a supplier refund when it is returned.
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sajooo@yahoo.com
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Re: Deposit paid to supplier

Post by sajooo@yahoo.com » 12 Apr 2017, 16:10

Thank you for your reply.
Also received later a credit for the balance amount as a receipt into my bank . and rest as an invoice for the usage of the tools. Also to note that a deposit was paid earlier, which was now to Put on account. What is the best way to show the entry.

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brucedenney
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Re: Deposit paid to supplier

Post by brucedenney » 13 Apr 2017, 14:32

You can do a supplier refund against the earlier payment on account.
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.

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