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Expanding to 3 companies
Posted: 05 Feb 2009, 16:03
by Al
My employer purchased Sage 50 Accounts Professional 2008 and is now expanding. Although there will be 3 companies in all, 2 will share the same bank account and the other will have it's own bank account. Am I right in thinking that the only way to work this is to purchase a multicompany add on from Sage??
Posted: 13 Feb 2009, 12:58
by brucedenney
2 companies can not share a bank account in sage multi company or otherwise.
If you had a bank balance of £100 which company would that belong to?
You need to either treat it as 2 businesses in one company with one bank account and apportion costs between the two businesses
or
have separate bank accounts and separate copies of sage.
£237.50 for an additional company in sage so perhaps better to to do the former and run as 2 businesses in one company.