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entering a distribution payment

Posted: 17 Aug 2021, 13:32
by sbrown1264
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

Re: entering a distribution payment

Posted: 17 Aug 2021, 13:50
by brucedenney
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.

Re: entering a distribution payment

Posted: 18 Aug 2021, 13:40
by sbrown1264
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

Re: entering a distribution payment

Posted: 19 Aug 2021, 07:39
by brucedenney
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?