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Customer or Supplier

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
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Dan
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Customer or Supplier

Post by Dan » 09 Nov 2012, 10:19

Hi - we are setting up 2013 version of Sage and have a business that supplies us goods on one hand and pays us commissions for services sold on the other. Do we set up as a supplier (who we pay)or a customer (who pays us)? Thanks

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brucedenney
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Re: Customer or Supplier

Post by brucedenney » 09 Nov 2012, 12:43

I suggest that you create them as both and do "contras" to match off between them.
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Re: Customer or Supplier

Post by Dan » 09 Nov 2012, 12:55

Thanks for the response Bruce. Fairly new to this so can you explain a little more?
Do you mean just set them up with a supplier and customer account and then treat them as seperate companies from there? I think it is the "contras" bit which has confused me slightly. Also do you see any problem with naming both accounts the same or should they be slightly different?

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brucedenney
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Re: Customer or Supplier

Post by brucedenney » 14 Nov 2012, 18:38

You set them up as separate companies in the two ledgers and then you use "contras" to offset the supplier account against the customer account or vice versa.


Tools>Contra Entries then hit F1 for help
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Re: Customer or Supplier

Post by Dan » 15 Nov 2012, 13:00

Thanks Bruce, what exactly do you mean by "contra"? How would I use contras?

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Re: Customer or Supplier

Post by Dan » 15 Nov 2012, 13:01

sorry just seen your directions on how to do Contras and the help. will have a look. thanks a lot for your help.

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Re: Customer or Supplier

Post by Dan » 15 Nov 2012, 13:12

Just had a look at this and I am still a little unsure of what exactly a contra is and how it would work? If you could explain in a bit more detail it would be greatly appreciated. thanks Bruce.

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brucedenney
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Re: Customer or Supplier

Post by brucedenney » 19 Nov 2012, 12:29

Contra entries allow you to match items on a purchase account against items on a customer account and to "pay" them against each other.

You select the items on the customer account, the items on the supplier account and it does it for you.

I suggest you try it out, use the demo company and I think it should be fairly easy to see what it does.
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