Sage and the retail trade

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
Please may I have some tips for using Sage for bookkeeping for a retail outlet. I've never done retail before!
There are 3 branches, each selling about 25 products and services with separate nominal codes in Sage.
I am concerned mainly with bank reconciliation and ensuring that all credit card receipts are received correctly and that cash is banked as expected.
It seems unnecessary to record individual transactions in Sage and the owner wants to keep data input time to a minimum although he does want a detailed analysis of sales in Sage.
How do others record and reconcile till takings?

Thank you for any tips

Sheelagh

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Sage and the retail trade

    Hi Sheelagh,
    One of my clients has two shops and I have to record all invoices, takings and credit card transactions seperatley for each shop.
    I have a takings sheet which shows all PDQ transactions seperatley from cash & cheques. So when I come to reconcile I can see clearly these amounts as a seperate entity on the bank statement.
    As for the detailed analysis, do the tills have a function that will record sales in particular departments? If so, perhaps you can then post this analysis to sage from the z reads at the end of the day/week/month?
    There is one advantage to retail bookkeeping, there are no debtors :D

    Sharon
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Sage and the retail trade

    Hi Shaxxa

    Thank you for your reply.My apologies for not responding sooner - the website appears to have swallowed this thread for a few days, and has only just re-displayed it :x

    The client produces a daily takings sheet which breaks down the type of sale and the method of payment, but he only wants this posted to Sage monthly. I think it will be best to post the daily takings sheet info directly into Sage - it will save difficulty with reconciling, highlight any PDQ disrepancies and ensure all the bankings are correct. It might mean a greater number of transactions in Sage, but this is a small price to pay for the number of hours that could be saved in trying to identify errors later.

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