Question

How to create customers' accounts in Sage 50 and make entries in there? Create five customers with distinctive names to identify later in your created company and enter four transactions of credit sales in their individual accounts and write down the steps.

Answer 1

Step 1

Click on Customers on the left panel

Step 2

Click on Wizard as pointed with the Cursor

The Customer Information box will appear where you have to fillup:

Under Customer Details

Name; A/C Reference; Address and Country

Step 3

Under Contact Details:

Telephone, Fax, Email, Website, Contact Name, Trade Contact, VAT Number, Account Status

Step 4

Under Customer Defaults:

Discount - The amount of discount you want to assign to the customer on the sale of merchandise

Nominal Code - Nominal Account code number should be mentioned where all such credit sales should be going.

Tax Code - Select the taxation code from the drop-down menu

Note: You can always come back and change this at a later stage

Step 5:

Under Credit Details:

Set the Credit Limit, Terms(in days preferably), settlement due days, Terms Agreed, Settlement Discount(if any), A/C Opened, Payment Due Days, Next Credit Review

Step 6:

Under Bank Address:

Enter Customer's Bank Address -

Enter Bank Name, Address in details

Step 6:

Under Bank Account:

Enter Account Name, IBAN, Sort Code, Swift/BIC, Account Number, Roll Number, BACS/SEPA Ref, Additional Reference, Online Receipts

Step 7:

Under Opening Balance:

Choose option 1 i.e. "No, there is no opening balance to enter."

Press Create button in the end.

The account will look like -

For 4 Customer Accounts it will look like this: