Sage -Please help
Hi
Just tying myself in knots.....
Deferred Income = £693.33 sitting on Rent Income Liabilities as Deposit Rental.
Sales Invoice of £225.00 on Debtors (for the Renter = Goods sold to them)
They move out so deposit it due to them.
I pay them the difference £468.33 which is the amount I owe them £693.33 less the amount they owe me £225.
So I do a Bank payment to the Rent Income Liability. £468.33 - So bank is fine..
Now I need to clear the £225. I need to Debit the Rental Income Liab and clear the debtor of the £225
If you say Debit Liab and Credit debtor that sounds fine but on Sage its not so simple..(or it might be...)
Any help appreciated.
Just tying myself in knots.....
Deferred Income = £693.33 sitting on Rent Income Liabilities as Deposit Rental.
Sales Invoice of £225.00 on Debtors (for the Renter = Goods sold to them)
They move out so deposit it due to them.
I pay them the difference £468.33 which is the amount I owe them £693.33 less the amount they owe me £225.
So I do a Bank payment to the Rent Income Liability. £468.33 - So bank is fine..
Now I need to clear the £225. I need to Debit the Rental Income Liab and clear the debtor of the £225
If you say Debit Liab and Credit debtor that sounds fine but on Sage its not so simple..(or it might be...)
Any help appreciated.
0
Comments
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Can you post a credit note to the debtor account, ensuring the other entry is to the liability account rather than sales?
Or find a bank account on Sage that you never use, e.g. Cash Register, and post a receipt from Customer followed by a payment to the liability account.0 -
Thanks Rozzi0
