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• # 114188
• Fri 25 Nov 2016 10:06 AM

My client has made a small loan to one of his suppilers.  The supplier has then issued several invoices, deducting the loan payment from his invoices eg  total ie £500 less deduction of £100 for loan repayment, £400 owed.

Any good ideas for recording on Sage as obviously need full amount on Purchase Ledger?

All I can think of is Credit Purchase Ledger Account and then do a nominal entry against Purchases/Loan account .

Have advised them this is not best way of processing this!

Thanks

Debs

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• # 114190
• Fri 25 Nov 2016 01:04 PM

Just do a bank receipt for the £100 loan repayment and then a bank payment for the invoice of £500.

Obviously the supplier invoice should be for £500 as this will be the amount of goods purchased.

When reconciling the bank this will agree with the £400 paid out.

Not difficult really?

• A clever person solves a problem.

  A wise person avoids it.

  Albert Enstein

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• # 114191
• Fri 25 Nov 2016 01:24 PM

Debs8411 said:

“

My client has made a small loan to one of his suppilers.  The supplier has then issued several invoices, deducting the loan payment from his invoices eg  total ie £500 less deduction of £100 for loan repayment, £400 owed.

Any good ideas for recording on Sage as obviously need full amount on Purchase Ledger?

All I can think of is Credit Purchase Ledger Account and then do a nominal entry against Purchases/Loan account .

Have advised them this is not best way of processing this!

Thanks

Debs

”

 Yes you're right, not difficult - mental block - looking far too much into this one! Thanks for your help MM Bookkeeping 

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