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Post Info TOPIC: Client using personal bank account


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Client using personal bank account


Hi all,

I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since.  If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the personal bank account?  How would I know what else was paid from the personal account for the business?

I would be grateful for any help.

Thanks,
Jo

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Joanne Booth


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I've found this is quite common, especially with my smaller clients. First of all I always let my clients know it is there responsibility to let me know what expenses they are paying for personally - I'm not a mind reader, so I always put the ball in their court. The easiest way to pay off the expenses on Sage is to create a new bank account just for private funds introduced. This way you can keep this separate from the main business account and also lets you clear the purchase invoices you posted onto Sage. This would also work for sales which have not been banked in the business account.

Sarah



-- Edited by Sundance at 08:46, 2007-11-16

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Thanks Sarah,

That's a good idea about a seperate account in Sage.  I have rattling my brain on how to approach this.

Jo

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Joanne Booth
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