Results 1 to 4 of 4

Thread: How to capture Member loans from the previous year, after year end has been done?

  1. #1
    Full Member
    Join Date
    Jul 2011
    Location
    Western Cape
    Posts
    29
    Thanks
    12
    Thanked 0 Times in 0 Posts

    How to capture Member loans from the previous year, after year end has been done?

    Hallo...

    One of our shareholders have a company cellphone, and his cellphone bills should be posted to his loan account.
    We only get one MTN bill for the company cellphones which I post to the Telephone/Fax in the Cashbook.
    How do I post his bill to the members loan account without haveing outstanding balances? Do I need to do a journal?

    I will appreciate any help and advice.

    Thank you,

    Vinruby.

  2. #2
    Silver Member geraldenek's Avatar
    Join Date
    Jul 2008
    Location
    Somerset West
    Posts
    229
    Thanks
    19
    Thanked 112 Times in 80 Posts
    you will have to do a prior year journal taking the amounts out - which accounting package are you using?
    Geraldene Kapp
    Professional Tax Help
    www.mytaxhelp.co.za

  3. #3
    Full Member
    Join Date
    Jul 2011
    Location
    Western Cape
    Posts
    29
    Thanks
    12
    Thanked 0 Times in 0 Posts
    Hi Geraldine I am useing Pastel Xpress V11.

  4. #4
    Platinum Member Neville Bailey's Avatar
    Join Date
    Nov 2010
    Location
    Morningside, Durban
    Posts
    2,373
    Thanks
    35
    Thanked 392 Times in 339 Posts
    What a coincidence that you asked this question! I've just sent out a newsletter about prior year processing in Pastel - click here to read it.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    View Neville Bailey Photography

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

Similar Threads

  1. [Question] Vat on previous year expense
    By StephanieB in forum Tax Forum
    Replies: 4
    Last Post: 20-Mar-12, 07:10 PM
  2. Member Loans and Salaries
    By Jackieb in forum General Business Forum
    Replies: 17
    Last Post: 08-Mar-11, 03:23 PM
  3. CC Member's Loans
    By go_it_alone in forum General Business Forum
    Replies: 8
    Last Post: 28-Nov-10, 04:33 PM
  4. GFM + one year
    By Dave A in forum Business Finance Forum
    Replies: 1
    Last Post: 15-Sep-09, 06:39 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •