SAGE 200 - Contra's

[PSBH]

Hi,

I have been a long term user of SAGE Line 50 for my own business. I am now using SAGE 200 which is similar in some ways but others not as easy to use.

I need to contra a customer and supplier who are both the same people. I know how to do it. My question is can you contra a payment against part of an invoice? When I do this there is a negative balance at the bottom, is this OK or should it always be zero? It is not possible to just post the amount I want to pay off the invoice.

Please help anyone. If you need further details just ask.

Paul

 

[EurekaSolutions]

Hi Paul,

The negative balance it is showing should be fine. Below is an example which may help you:

Sales invoice for £23.48
Purchase Invoice for £100.00
Difference -£76.52

On saving this, the sales invoices becomes fully allocated to a receipt that is created with a reference of 'Contra'. The system has posted the adjustment to the nominal and adjusted the customer balance. The purchase invoice has become part allocated by the amount of the sales invoice to a Payment that is created, again with a reference of 'Contra' and the adjustments to nominal and the supplier balance has been posted, leaving the outstanding balance on the purchase account.

Hope this helps with your issue, but if you require anything else, please let us know.

Regards,
Eureka Solutions