SAGE Bank Rec posting help!

SAGE Bank Rec posting help!

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A customer paid us in Bank Account of company A but he should have paid in company B Bank A/c.
Then the previous accountant made a bank transfer of the money from Company A to company B.when the money came on company B he posted the entry allocating the money against the customer.
Now how do I post in company A books? I have a transfer ie from SONY of £1000 that should have been paid to Company B.
So I have a credit in company A from SONY and then a trf to company B from company A for £1000. What postings do I make on Sage to record these?The Bank Rec is a nightmare because of that.
(We have 2 companies on SAGE)
Thank you,

maria liatou

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By User deleted
12th Feb 2008 16:49

It's simple.
There's always more than one way to skin a cat, but I would thus:-

Funds received in error by company A:
Bank receipt v sundry creditor T9 - because A owes the money elsewhere.

Funds moved from A to B:
Bank payment v sundry creditor T9

Funds on arrival company B:
Sales ledger receipt, or however appropriate.

Your bank rec then shows
in company A : money in and money out.
in company B : money in

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