YEAR END JOURNALS FROM ACCOUNTANT

Hi there,

I need to pass year end journals to Retained Income, Vat Payable and Trade Receivables. How do I do this?

Regards

Suzanne

  • Good Day,

    Please note that on Sage Business Cloud Accounting you cannot process journals directly affecting system accounts.

    System accounts populate based on the transactions that you have processed. So to correct/adjust a system account balance you would have to correct the original transaction/s processed.

    **Example**: if you need to adjust the Sales system account, you would either process/edit a customer invoice that was processed or create a credit note and re-invoice with the correct details.

    Customer/Supplier journal entries are available under Customers>Transactions>Customer adjustments/ Supplier>Transactions>Supplier adjustments. 

    P.S. Please could you kindly verify and let us know that this solution worked. You can do this by marking this reply as a Verified answer so that the rest of the Community can benefit from this.

    To verify an answer simply go to your post and click “More” > “Verify Answer

    Regards

  • Thanks, but I am trying to process auditors journals so I cannot go back to the original transaction!

    Regards

    Suzanne

  • Good Day Suzanne,

    At present, there is no workaround with regards to processing journals directly affecting system accounts.
    The process above is currently the only way.

    P.S. Please could you kindly verify and let us know that this solution worked. You can do this by marking this reply as a Verified answer so that the rest of the Community can benefit from this.

    To verify an answer simply go to your post and click “More” > “Verify Answer

    Regards