Need more, need help now? we offer pay-as-you-go support, no contract, tenth of an hour billing, expert help, fast service, no call queue
We can offer lower cost Sage50cloud subscriptions for customer using pay-as-you-go support or who are self-supporting.
Need integration, your shipping system, your website, your invoicing system, your crm.
Need a bespoke solution, Mini Manufacturing, Spreadsheet order import, Back to back orders.
Want web hosting, email, your own domain name, a shop, we do it all!

entering a distribution payment

Sage 50 general help forum - Free help and support for all general issues
Post Reply
sbrown1264
User
User
Posts: 74
Joined: 15 Apr 2015, 18:14
Sage Version: v2015 21 UK/Europe/Africa

entering a distribution payment

Post by sbrown1264 » 17 Aug 2021, 13:32

A client has 2 companies, co.1 make a distribution payment to co.2.

co.2 enters it as a capital receipt n/l 3250
how do i enter the transaction in co.1

Regards
Stephen

User avatar
brucedenney
Site Admin
Site Admin
Posts: 4385
Joined: 28 Feb 2006, 09:56
Sage Version: v2017 23 UK/Europe/Africa

Re: entering a distribution payment

Post by brucedenney » 17 Aug 2021, 13:50

What do you mean by a "distribution payment"

Is this a payment for them acting as distributors of your products/services or is it a dividend payment from one company to it's parent company or is it something else.

3250 is not a standard account, perhaps it is subsidiary profits?

I need to understand what you are trying to represent in Sage.
For just about anything Sage :- switch to subscription, pay-as-you-go support, sagecover, upgrades, application integration, reports, layouts, analysis or any other help making life with sage easier/less time consuming Contact me. Image

sbrown1264
User
User
Posts: 74
Joined: 15 Apr 2015, 18:14
Sage Version: v2015 21 UK/Europe/Africa

Re: entering a distribution payment

Post by sbrown1264 » 18 Aug 2021, 13:40

Hi Bruce

I spoke to the MD of all the companies, he has explained it now in more detail. It was basically moving capital from one company to another, so I used code 3250 on both as a paid/received option to show the money leaving one company and being paid into the 2nd.

One other point is there a way to get Sage to show all nominal codes at once rather than having to create code 3250 as I had to?

Regards
Stephen

User avatar
brucedenney
Site Admin
Site Admin
Posts: 4385
Joined: 28 Feb 2006, 09:56
Sage Version: v2017 23 UK/Europe/Africa

Re: entering a distribution payment

Post by brucedenney » 19 Aug 2021, 07:39

That is what one might term an intercompany transfer.

Show all nominal codes rather than create one????

Erm nominal codes can be up to 8 digits, so potentially there are a hundred million of them. I am not sure what you mean.

Are you asking how to get into list view so you see all the nominals in a list rather than drilling into them?
For just about anything Sage :- switch to subscription, pay-as-you-go support, sagecover, upgrades, application integration, reports, layouts, analysis or any other help making life with sage easier/less time consuming Contact me. Image

Post Reply

Who is online

Users browsing this forum: No registered users and 4 guests