Sage Query

Good evening all,

I hope you are well?

I had a sage query and wanted other people's opinion.

A hotel has a nominal account (general ledger) called purchases- bar - 5010 and kitchen repairs and renewals - 7090. They purchase wine glasses and jugs etc would you use the 5010 or 7090 nominal code and account. I thought 5010 as it is for purchases and 7090 is overheads?

Many thanks

Shamil

Comments

  • MickdundeeMickdundee LondonPosts: 382Registered
    I would expect the bar nominal to only contain items from resale.

    Out of the two, I would use 7090 - though there may be another appropriate nominal within the chart of accounts.

    Consistency is key.
    shamil91
  • shamil91shamil91 Posts: 93Registered
    Hi Michdundee,

    Thank you very much for the quick reply.

    Thank you for clarifying that the bar nominal is used for items for resell. Had a look within the chart of accounts 7090 is the best fit unfortunately.

    Thats it, consistency, only had a slight confusion its just how they have worded the general ledger, however most of the invoices are under the 7090 only a few (1-2) under the bar section but going forward would use the 7090.

    Many thanks for all your help

    Kind regards

    Shamil
  • MickdundeeMickdundee LondonPosts: 382Registered
    You can move the wrongly coded invoices via journal entry.
  • shamil91shamil91 Posts: 93Registered
    Hi Mickdundee,

    Thank you very much for your reply

    I was planning on doing a journal to credit the 5010 and debit the 7090 however the company has its year end and audit soon so if the auditor picks it up and has a query then can do it otherwise for 1-2 transactions it should be okay I suppose.

    Many thanks for all your help

    Kind regards

    Shamil
  • MickdundeeMickdundee LondonPosts: 382Registered
    I’m not sure I understand your point.

    I would move them regardless.
  • MickdundeeMickdundee LondonPosts: 382Registered
    edited December 6
  • shamil91shamil91 Posts: 93Registered
    Hi Mickdundee,

    That is fine I will get that sorted.

    Kind regards

    Shamil
  • shamil91shamil91 Posts: 93Registered
    Thank you for all your help
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