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credit cards

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
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CMK22
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credit cards

Post by CMK22 » 16 Feb 2010, 10:47

Hi I have just starting inputting the previous two years accounts on sage for my new job, my boss has multiple credit cards, some private some business that he has been using, do I need to allocate all transactions to seperate cards or can I just pay them from company credit card 1240?

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brucedenney
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Re: credit cards

Post by brucedenney » 17 Feb 2010, 18:50

If you don't need to do a reconciliation on each card, then you could do it as one, indeed, perhaps you could call the account, "expenses paid by director" and put everything in it, cash, credit card what ever, then do one payment back to the director to settle it.
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