6 questions about sage [closed]
- Why are some suppliers & stock items shown in red? What does red generally indicate?
- What valuation method is used for stock - FIFO, LIFO or average cost?
- How are the Nominal Ledger codes and Product cosdes structured? How can Post Invoices?New/Edit determine the correct Nominal (sales)code from the Product code?
- What is the diffrence, including accounting treatment and calculation of VAT, between customer discounts and (early) settlement/cash discounts?
- The deductions from Gross wages/salaries include employee's National Insurance(NI). In addition, the employer must pay employer's NI. What are these for and what is the difference between the two including their accounting treatment?
- What are "Late Entries"? What date should be used when posting late invoices and why?