Sage Query

shamil91

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

shamil91

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

shamil91

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

shamil91

Hi Mickdundee,

That is fine I will get that sorted.

Kind regards

Shamil

shamil91

Thank you for all your help