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Sage Capital a/c

MOHMEDSALIM PATELMOHMEDSALIM PATEL Well-KnownRegistered Posts: 184
Hi everyone

I am setting up a new client on sage and it is a brand new business and partners have introduced the capital.

I am setting up sage through journal and could not find the capital a/c.

So journal for capital is : Bank current account dr
and capital a/c credit but do not know how to do on sage.

Comments

  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    You might have to rename the profit and loss account, depending on how Sage has been set up
  • AK002AK002 Font Of All Knowledge Registered Posts: 2,492
    Just create a new code around assets, above profit and loss.

    I'll tell you a code on Monday when I'm at sage...
  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    I'm sure there should be a set up on sage for sole traders rather than limited companies but I wouldn't use an asset account for capital. Have I misunderstood you AK002?
  • AK002AK002 Font Of All Knowledge Registered Posts: 2,492
    LOL that's what i get for typing half asleep :(

    I meant around liabilities lol...!

    Sage doesn't differentiate between ST & Ltds unfortunately.
  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    No problems, I didn't think Sage did differentiate but thought that it should!!!

    I've only got one set up as a sole trader, the rest of mine are limited companies but can't remember which code the capital is set up as! Typical as this is the only weekend i've shut my pc down at work so can't get into it!!!!
  • ChelleChelle Well-Known Registered Posts: 163
    Capital is usually put to the 3000 nominal code.
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