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Hello, How to post a loan that is paid directly to our vendor. The money doesn't touch our account. Thanks for any help, Margaret

How can I input them for that specific year if an investor uses his credit card to pay for a company's software subscription expenses but they are still not recorded in the books and taxes have been filed for that year? How do I enter the transaction…

The repurchase rate (repo rate) has increased from 7% to 7.25% on 27 January 2023. As from February , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate’ as…

Good day Is there any way possible on SBCPP to print the loan module reports to excel or ascci? Kind regards

We received money from company X to pay a loan of company Y. I received money in Sage from company X and it went under liabilities. In General Journal I credited company X and debited company Y. Now in balance sheet I don't see company Y anymore,…

Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference (saving) be recognized as a fringe…

Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference (saving) be recognized as a fringe…

Dear X3 HR and Payroll User, The repurchase rate (repo rate) has decreased from 3.75% to 3.50% on 24 July 2020. As from August 2020 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’…

Dear X3 HR and Payroll User, The repurchase rate (repo rate) has decreased from 4.25% to 3.75% on 22 May 2020. As from June 2020 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. …

Dear X3 HR and Payroll User, The repurchase rate (repo rate) has decreased from 5.25% to 4.25% on 15 April 2020. As from May 2020 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. …

Dans ce contexte d'épidémie de Covid-19, des banques donnent la possibilité de différer les remboursements de prêt. Deux cas de figure sont possibles. Ajout des échéances reportées sur les échéances restantes : Rajouter les échéances d'intérêt que…

some of my clients use the loan functionality alot. Inserting loan and deducting monthly amounts is fine. But how do i reduce the loan balance when the employee pays cash on top of his or her monthly deduction. The cash payment does not affect the…

To process a Staff Loan for an employee, firstly ensure that you have a Deduction Definition for the Loan that is linked to the Deduction Type LOAN - Loan as below: Then: Expand Employee Management Select Employees Select Payslip Definition…

In my accounts I have a mortgage balance of £155,000. I have refinanced the loan with a different bank to get a lower interest rate and additional money to pay off my overdraft. The new loan is £170,000 which pays off the loan, pays for professional services…

I am working on a start up company. The owners have paid for various expenses (travel, office supplies, fees etc) while the company has been applying for financing and what not. What is the best way to record these expenses? 1. I set the dates in Sage…

1. An employee was given a cheque $178.56... as an advance that will come off of his next paycheck. I minus deductions from $184.00 to find $178.56 and write a cheque out manually from our cheque book. Was I right to minus deductions on this advance?…

I have a new customer who has recently changed from sole proprietor to a corporation for her bakery. She is the only director and owns 100% of the shares in the corporation. This is the first time she will be using Sage as she only used Excel before.…

Hi, I am switching our company from QB to SAGE. I am manually transferring the chart of accounts. Our company is compiled of four individual companies coming together. In the list of accounts there is interco loans , as well as owner contributions …