Advance funding to a foundation

Hello,

I have a question about advances.

We advanced some money to a foundation since their bank account is not yet open and they needed to pay invoices. I wanted to put it under advances and loans, but when i try to use the account, it simple does not appear in the selection.  The advances and loans are under Investements.

I am not sure what to do with this.

Thank you for all your help

Julie

  • 0

    'Advances and loans' is probably linked to Payroll, so entries to the account from other parts of Sage 50 aren't allowed.  (setup | Settings | Payroll | Linked Accounts | Incomes)

    You may have to add an account, if your company uses an external accountant for year end you should ask them what numbering and description they would prefer you to use.