Entering Transactions in Cash-Basis Accounting

You enter transactions the same way for a cash-basis company as you would for an accrual-basis one. You should be aware of a few differences, however, in the way that Sage 50 Accounting handles the transactions.

ClosedTransactions

ClosedEntering Purchases

ClosedEntering Sales

What do you want to do?

ClosedDeposits and Prepayments

What do you want to do?

Set up the necessary accounts to enter deposits and prepayments