The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Welcome to The Book-keepers Forum! -> Creating new bank records - credit cards
Post Info TOPIC: Creating new bank records - credit cards
Ellenora


Newbie

Status: Offline
Posts: 3
Date:
Creating new bank records - credit cards
Permalink  

I'm trying to set up a new bank record for a second credit card (using Sage Instant Accounts).  I understand that I should use numbers between 1240 and 1250 - but everytime I try to select a number it tells me that "the bank code is outside the range of the chart of accounts, therefore its balance will not be reflected in your balance sheet reports."  How can I enter an account in the right range???

Thanks!



__________________
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink  

Hi Ellenora
Welcome to the forum. We always ask newbies to do a little intro about themselves, bookkeeper or Accountant, where based, which prof body you are with, level of study or QE, how long you've been in this crazy business, that sort of thing. Just a few lines, helps everyone to get to know you a little and also to help pitch (future) answers.

For this one - what code have you tried?

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Ellenora


Newbie

Status: Offline
Posts: 3
Date:
Permalink  

Hi Joanne

I suppose I'm classed as a book keeper now (but part time - my full time job is something completely different) - I go once a month to a farm contractors in Hertfordshire (with them for 15 years)- we had a spreadsheet system but more recently moved to Sage Instant accounts - and its completely confused me. I am not part of a prof body and I have no qualifications. (Basic book keeping work from a farm secretarial course 20 years ago).

I have one credit card on 1240 so have tried every number through to 1249 and it comes up with the same message. I had considered putting both cards onto the one account but am worried this will be confusing at reconciliation

Thanks for your message



__________________
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink  

Hi Ellenora
You have two options, so entirely up to you. Before you try either and indeed anything new on sage, I always recommend a couple of things - always do double back ups (in case one fails), test the backups work. Then make your amendment, because then if you do it wrong you can rewind it by restoring an earlier back up and starting again.

Also - you should find that you have access to practice data in sage - always worth a play around on that.

Anyway - to your issue:-

Either
Set up the second credit card as nominal code 12401. I would add the last four digits of the card number to the account name so you can see which one you are working on.

Or
Amend the chart of accounts. The credit card range is restricted to 1240 - 1240 usually (ie one account and thats your lot. So you need to expand this.

Go to nominals, then Chart of Accounts (COA) an icon across the top usually. Click on the default chart to open this up, then Balance Sheet, then Current Liabilities. Then in the bottom half of that screen you can see the Credit cards from 1240-1240. Expand to read 1240 to 1245. if any of the nominals 1241 to 1245 have already been allocated elsewhere you will get an error message, in which case just restrict it to say 1241. But I will bet they havent. This will then give you more options in case further cards are opened.

Then set up the second account.

HTH but if that doesnt work give me a shout.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Ellenora


Newbie

Status: Offline
Posts: 3
Date:
Permalink  

Thank you! It worked :)) Will definitely try out the test system ....

Thanks again!

__________________
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink  

My pleasure. Glad to help.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Welcome to The Book-keepers Forum! -> Creating new bank records - credit cards
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About