Bank Payments

Use the Payment button to record all bank payments you make that do not involve a supplier account, e.g. payments you have made from your bank, cash or credit card accounts for petrol, donations and so on.

All you need to do to keep track of where your money goes, is select the bank, cash or credit card account you want to pay from and enter the payments in the transaction entry window that appears. Sage Line 50 takes care of the accounting procedures for you.

Each payment can be made up of many individual transactions, each one posted to a different nominal account if required. This feature is very useful, if you want to analyse where your money is going.

Use the Supplier button from the Bank Accounts window to record payments you make to your suppliers. When you enter your supplierÆs account reference, any outstanding invoice items automatically appear in the Supplier Payment window. If an invoice is in dispute, a ædÆ appears in the disputed column. If you attempt to pay an invoice that is in dispute, a warning message appears. You can continue to pay the invoice in full but if you choose to do this, the disputed flag is automatically removed.

Note: Credit card transactions are totally separate from other payments that you process. They must not be confused. You should keep a separate record of these transactions by using a different bank account, i.e. Company Credit Card payments.