I have just been employed as a bookkeeper for a letting agency and their books are a mess.
The software is sage.
However i am not familiar with letting agencies therefore i need some help with the double entry postings for the company.
For example, i need some advice on how to enter rent receipts from tenant and then rent payments minus fees etc to landlord.
I am not sure how to input management fees and any other amount that is deducted on to sage.
Also i am not sure how to enter things such as service charge and ground rent using which nominal codes.
Any help will be much appreciated.