Every time you record an invoice sent to a customer, the total value (including VAT) is posted automatically to this account (as a debit). The other æhalfÆ of this double-entry process is a credit to the nominal sales analysis account and a credit to the VAT on Sales Control Account (if VAT is involved).
When you record a Customer Receipt into Sage Line 50, the Debtors Control Account is credited by the full amount of the receipt.
This account, therefore, tells you how much you are currently owed in total by your customers, which is why it is called the Debtors Control.

The code you enter here is the nominal account that will appear automatically when you record or raise an invoice, using Sage Line 50Æs Invoicing option. This code will not be used if you have entered a different code in the Customer Defaults option.

Every time you record an invoice sent by a supplier, the total value (including VAT) is posted automatically to this account (as a credit). The other æhalfÆ of this double-entry process is a debit to the Purchase analysis account and a debit to the VAT on Purchases Control Account (if VAT is involved).
When you record a Supplier Payment into Sage Line 50, the Creditors Control account is debited by the full amount (including VAT) of the payment. This account tells you how much you currently owe in total to your suppliers, which is why it is called the Creditors Control.

This is the account to which accruals, set up in the Nominal Ledger, are posted when the Month End Post Accruals option is run.

Enter the account code of the bank account you want to be automatically selected when you use any of Sage Line 50Æs Bank options.

This is the account to which prepayments, set up in the Nominal Ledger, are posted when the Month End Post Prepayments option is run.

This is the nominal account to which the value of any VAT is automatically posted when you record income that you have to pay VAT on, i.e. æoutputÆ VAT. You can only change this account code if it has a zero balance and no transactions outstanding. The posting is normally a credit.

The code you enter here is the nominal account to which the value of bad debts written off is posted, when you run the Write Off, Refund, Return option.

This is the nominal account to which the value of any VAT is automatically posted when you record payments on which you can claim back the VAT, i.e. æinputÆ VAT. You can only change this account code if it has a zero balance and no transactions outstanding. The posting is normally a debit.

This is the account to which mispostings are sent when error corrections are posted for incorrectly posted transactions, refunds, or cancelling cheques, when you run the Write Off, Refund, Return option from the Tools menu.

If, when you record a Customer Receipt into Sage Line 50, you enter a discount, the value of the discount is automatically posted to this profit & loss nominal account as a debit.

This is the account that automatically receives the opposite side of your opening balance postings. If you enter your opening balances from a complete Trial Balance then the overall net effect of the postings on the suspense account will be zero.

When you record a Supplier Payment into Sage Line 50, if you enter a discount, the value of the discount is automatically posted to this profit & loss nominal account as a credit.

This is the account that receives the charges you have levied against any customers who have not paid their bills on time.

This is the nominal account code that accumulates the net balance of all your income and expenditure accounts when you run the Year End option. The value received represents the surplus (or shortfall) of income over expenditure for the financial year, i.e. the net profit.