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

take over of accounts

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
Post Reply
frangipani5
User
User
Posts: 4
Joined: 21 Jan 2010, 17:17
Sage Version: v2008 14 UK/Europe/Africa

take over of accounts

Post by frangipani5 » 16 Feb 2010, 16:16

Hi,

We have recently taken over another business. There are supplier accounts with existing balances that we the new business have paid for and will continue to pay for until they are paid off. I was wondering the best way I should account for these balances and payments in SAGE. Initially I was going to enter them as opening balances for the expense account therefore creating an entry in 9998. When the payment is received I was going to post this to 9998. I don't think this is correct however I am unsure of another solution and it would get quite messy as I have quote a few accounst to sort out??
Top
Post Reply

Return to “Bookkeeping and Management Accounting”

Who is online

Users browsing this forum: No registered users and 1 guest