The company I have recent.y joined have an old old version of Sage 50 accounts
They have a strange way of processing cheque payments (yes will still pay via cheque)
They don’t post a purchase transaction, all they do is post the cheque payment matching the nominal codes all posted within a transaction description of the cheque number. (No supplier accounts set up on system as they work mainly from an old database system)
The item is posted with the date the cheque is raised.
If they raise a cheque for example dated 1st Dec 19 but not processed in bank account until 10th Jan 20, if we then press reconcile (again just one item to reconcile against, not PL posting and then payment posting) will it recognise the payment on Dec 19 or Jan 20?
i am assuming Dec 19 so this would in turn mess up previous years accounts which end on 31 Dec 19 (which have just been processed)
I have only recently moved to this company but it seems a very odd way of working (I’m looking to change all of this and bring in something like Sage 200 with its CRM advantages)
Any help / advice great fully received