Hi, cheers for the replySadly I’m not from an accounting background. I can normally get to grips with software relatively quickly but the capabilities of Sage are huge and I only need to be able to perform some pretty basic functions.
Essentially I need to know how to:
A) Set up multiple companies / departments, which are the owners of multiple buy-to-let properties
B) Set up tenants (presumably customers) which will be allocated to a specified company / department
C) Load recurring rent charges to each of those tenants / customers
D) Be able to allocate rents received on various bank statements to each of the tenants / customers
Ideally I’d then like to be able to process expenses e.g. for repairs, letting agents fees etc, but that can all happen later.
I’m starting a new job in March and one of my tasks is to implement new software & procedures into the company. They use Sage…but not properly and not to adminster the collection of rent etc.
There is a piece of property management software which I intend to purchase and it links in with Sage ‘seamlessly’ (apparently), so it would definitely be a great advantage if I can get to grips with using it…albeit once it’s up and running I can leave the accounts department to using Sage.
I’m intermittently buggering around with it but, as I say, there are so many features which I’ll never need to personally use that are just clouding what I need to do. It’s just frustrating!
The book just bangs on about double entry accounting, nominal ledgers, fixed assets, blah blah blah!
I’ll keep arsing around with it this evening, but if you have any suggestions / can offer some advice I’d be grateful!
Cheers
PhilP.S. I think my avatar succinctly explains my current understanding of Sage.