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Recording payment to a purchase made prior to a business using sage

  • 20 posts
  • # 91456

HI, I am doing some work for a garage that was only using sage for invoicing up until april 2013. I have now started inputting all the business transactions onto sage from that piont. When I have gone to go a bank rec I noticed payments (standing orders and direct debits) that are paying for fixed asset purchases make nearly 5 years ago. how do I record these as I don't have any info on fixed assets the business has but obviously need to record the money going form the bank account. It is my first client and all a bit overwhelming to be honest as it is not straight forward work.
Regards Clare

Edited at 11 Jun 2013 12:39 PM GMT

  • 160 posts
  • # 92510

Clare Psaid:

“HI, I am doing some work for a garage that was only using sage for invoicing up until april 2013. I have now started inputting all the business transactions onto sage from that piont. When I have gone to go a bank rec I noticed payments (standing orders and direct debits) that are paying for fixed asset purchases make nearly 5 years ago. how do I record these as I don't have any info on fixed assets the business has but obviously need to record the money going form the bank account. It is my first client and all a bit overwhelming to be honest as it is not straight forward work.
Regards Clare

Edited at 11 Jun 2013 12:39 PM GMT”


Hi Claire,

As far as I'm aware you would enter these in the normal way but make sure sge is in the correct year,

Kind regards

Paula Welsh 

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