Bank Payments

Question

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

Rebecca Wooderson · Answer

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 
 | For Sage 50 Accounts hints and tips head over to https://www.facebook.com/groups/sage50accounts |

Sage 50 Accounts

Bank Payments

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING