Sage Help Please

[kirstie27488]

hi all,

If i have just started up as a sole trader, how would i enter my fixed assets into sage if they were already owned. I have tried to enter them into sage but it asks me to put in a supplier acc.

thanks

 

[MyAccountantOnline]

hi all,

If i have just started up as a sole trader, how would i enter my fixed assets into sage if they were already owned. I have tried to enter them into sage but it asks me to put in a supplier acc.

thanks

Hopefully someone who uses Sage will be along soon but generally you would do this by entering a journal - debit fixed asset additions and credit capital introduced.

 

[Jenni384]

hi all,

If i have just started up as a sole trader, how would i enter my fixed assets into sage if they were already owned. I have tried to enter them into sage but it asks me to put in a supplier acc.

thanks

You don't need to enter it through the Suppliers module.

As Nicola says, doing a journal entry is likely the most simple way of bringing these in.

Go to the Nominal module and then click Journals.

As an example, your journal would be
DR 00** (Fixed Asset account)
CR 3*** (Capital account)

You may have to set up the capital account by going to Nominal > New and choosing the Equity category which should put it in the 3*** range.

Hope that helps.

 

[kirstie27488]

Thanks guys, thats helped alot.