SageForum for UK versions of Sage 50- Help and support.

Day 2 of using sage Instant accounts , v10.......

When setting up a new company ....

There are 1000 £1 shares , I can post these to the share capital nominal account.

This also posts the same value in to '9998' suspense

Is this right, Do I need to post them somewhere else?

Thanks for your help....

If you post everything in the opening TB onto sage then assuming your opening TB balances the suspense will go back to 0 as well.

In the most simplistic scenario, the other side of the £1000 shares would the the £1000 cash in the bank that you got in exchange for the shares.