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kate82

Bank Payments

SUGGESTED
Posted By

Hello, I am new to accounting etc please be kind.

Our previous accountant has left the company and i have been put in charge of the accounts.

I have paid the subcontractors from the company bank account do I now need to complete a bank payment? 

I did try this on Friday but the CIS payments are completely different.

Will Sage automatically calculate the CIS and the VAT  

I have also been given credit card  receipts. Where do I post these?

 Sorry for so many questions.

Really hoping for some help.

Kate 

  • 0

    Hi Kate, 

    Thank you for using Sage City. 

    Could I just ask, when you post the CIS transactions - do you know if you use the CIS module? The best way to check this, is to go to Help > About > Features Enabled > does it say Yes next to either CIS or CIS V2 - if so, which one is showing as enabled? 

    Do you have a credit card receipt, bank account setup within Sage? If you do, you could post these transactions through this account. You would then be able to post the transactions to the relevant nominal codes - depending on where you want them to sit in the Chart of Accounts. 

    Regards, 

    Nicola

    Sage UKI

  • 0
    SUGGESTED

    Hi Kate

    Assuming you have entered the sub-contractors invoice as a Supplier Invoice in Suppliers > Batch Invoice you would pay their invoice off via either (there are two ways to get to the same screen!):

    a) Suppliers > Supplier Payment

    b) Bank Accounts > Supplier Payment (this one may be hiding in the drop down arrow called 'Payments' if you have a small screen)

    If you have the CIS module set up, it should deal with the CIS.

    For the credit card receipts, we recommend entering them all as bank payments from a credit card bank account unless they specifically pay off a supplier invoice, that way you can easily reconcile your credit card statement as well as your current account when the DD is taken to pay off the credit card balance.

    Take care,

    Rebecca 

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