Before my company started training I bought some items for the business out of my own money. Now i want to pay these off in sage and balance it out on the books.
Basically i bought something from ebay for £330 and also loaned the company £90 for the rent in the first month. Now i paid myself back with a cheque for £420 and i want to show this coming out to me paying back the £90 loan but also paying for the ebay purchase.
Could anyone help me by telling me how i can make both of these in one payment from the bank area of sage and write both debts off against it.
Basically at the moment I have made a payment and put in the corresponding codes for each thing to be paid off and it pays off my directors expences for £90 but doesnt pay off the ebay purchase.
Hopefully someone can help.
Thanks
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Need help paying off purchases made before i started trading
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brucedenney
- Site Admin
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- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
You do it as 2 bank payments, if they are sequential and have the same reference sage will merge them to one transaction.
£90 against the nominal code for the balance sheet loan account
and the £330 against the nominal code for the eBay purchase.
If the eBay purchase has been entered as a purchase invoice then make a supplier payment.
£90 against the nominal code for the balance sheet loan account
and the £330 against the nominal code for the eBay purchase.
If the eBay purchase has been entered as a purchase invoice then make a supplier payment.
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