19- Setup & Settings

Merging Two Companies Together

This was an interesting question where sometimes you need to merge 2 companies financials into one data base.

Either the Chart of Accounts can be utilized to accommodate the new company by issuing new set of account numbers.

or

The Project section of Sage can be used.

This tutorial will show you how to use and change the Project name to Departments so it makes more since in this instant.

at the home page drop down the Setup menu and choose Settings than Projects.

settingdepartment

here you have three choices, Budget, Allocation and Name.

lets change the name from Projects to Departments.

Department

press OK to Save.

 

Now its time to go into the Chart of Accounts and allow allocation for each appropriate account number.

department chart of accountsonce that is done you can start posting entries and allocating.

purchase with department

To obtain a report, from home page drop down Reports menu – Department – Allocation.

department report

Here is what shows up for department allocation. Click OK to see the report.

Department allocationHope this tutorial helped.

Let me know if you have any other questions.

nk

 

 

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Set up Tax Tables with Split Taxes

Hi everyone.

Recently I was asked how to set up tax table with split taxes.

ex: 5% GST (2.5% and 2.5%)

if you have man suppliers or customers with this type to of tax splitting you can set it up in the tax section.

if not I will show you how to enter it at the time of posting the invoice.

This tutorial will be in the classic mode as shown below.

 

Sage 50 Home Screen

From the top menu choose Setup – Settings – Company – Sales Taxes.

This is where you should be.

Settings Taxes

From here chose Tax Codes below.

in this screen you will record all the tax code you have followed by a description.

you can also choose to see the tax code in a specified journal. either payable or receivable.

 

Settings Taxes codes

No click on Taxes below.

here you will issue the codes a relative account number. one for payables and one for receivables.

Settings Taxes with accts

Now that we are familiar with the Taxes and Taxes Code screen.

lets go back to Taxes Code screen and choose the GS Tax Split in order to give it a percentage for calculate.

Tax Code Details Do the same for the SG code and press OK.

 

Now lets test the taxes created.

Go to purchase journal, choose a vendor and test the tax codes.

Purchase journal with split taxes

 

Now lets look at an entry with the tax codes not set up.

Purchase journal with split taxes 2

 

Hope this tutorial helped.

if you have other questions please drop me a note.

nk

 

 

 

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