from Using Sage 50...i would like to know whether using the following info:
Do i post the following using payment jourmal or purchase journal.
SUPPLIER INFORMATION GROEN FIELDS Supplier Name (Contact) Phone No. Fax No. Terms E-mail Web Site Address Tax ID Bloomers (CD. Budd) Tel: (902) 544-6292 Fax: (902) 544-5217 Tel 1: (902) 622-3188 Tel 2: (800) 622-2881 Crop Savers (Gen Nitro) Data Savers (N. T Buggs) RR 3 Clyde River, NS BOW IRO 910 Main St. Greenfield, NS BOT 150 4 Industrial Rd Truro, NS B2C 8J6 60 Water St. Dartmouth, NS B2W 6R9 budd@bloomers.com bloomers.com GN@cropsavers.com cropsavers.com ntbuggs@datasavers.com datasavers.com waters@dustbusters.com dustbusters.com Tel: (902) 721-5121 Fax (902) 721-5522 Tel 1: (902) 366-1551 Tel 2: (877) 366-1500 2/10, 1/50 385 345 863 RT0001 1/10, 1/50 901 200 865 RTOOO1 net 30 567 321 443 RTOOO1 net 1 345 667 216 RTO001 net 7 Dust Busters (Joan Waters) Intertel (Les Chatter) 2 Communicate Rd. Truro, NS B2A 2K4 Tel: (902) 456-2355 chatter@intertel.ca intertel.ca NS Gas (N. Bridge) 355 Pipeline Rd. Truro, NS B2A 5B1 Tel: (902) 454-8110 net 7 NS Hydro (N. Ergie) nbridge@naturalgas.com naturalgas.com nergie@nshydro.ns.ca nshydro.ns.ca Tel: (902) 455-5120 net 7 hd@RPR.com RPR.com Rural Property Repairs (Hy Drangea) Spotless Company (Dee Tergent) Yardworks Inc (1. Bigge) 83 Water St. Truro, NS B2W 659 71 Ridge Way Currys Comer, NS BON THO 49 Scrub St. Truro, NS B2G IVO 20 Oceanview Dr. Sydney, NS BIP 202 Tel: (902) 499-3481 Fax: (902) 499-3482 Tel: (902) 454-6611 Fax: (902) 454-3216 Tel 1: (902) 777-2346 Tel 2: (888) 337-4599 dtergent@spotless.com spotless.com jbigge@yardworks.com yardworks.com 1/20, 1/30 124 653 775 RT0001 1/30, 1/60 481 532 554 RT0001 net 10 288 411 754 RT0001 URUEN TIELUS - ACCOUNTS PAYABLE 11 OUTSTANDING SUPPLIER INVOICES GROEN FIELDS Supplier Name Terms Date Inv/Cha No. Amount Crop Savers 1/10, n/30 Apr. 26/21 Apr. 6/21 net 30 Data Savers Rural Property Repairs $ 800 $1 200 $1 725 500 1/20, n/30 CS-1044 DS-361 RPR-1341 Chq #164 Balance owing Grand Total Apr. 25/21 Apr. 25/21 Accounting Procedures The Harmonized Sales Tax (Provincial Sales Tax and Goods and Services Tax) In Nova Scotia, federal and provincial taxes are combined in the Harmonized Sales Tax, or HST, a single tax at the rate of 15 percent. The HST is applied to most goods and services. Groen Fields uses the regular method for calculating and remitting the HST. All items sold by the farm have HST added to them. At the end of each quarter, the HST in the Receiver General is reduced by any HST paid to suppliers on purchases. HST sales other Buus, Ullde SUUDEN Mal. W ched the books for the Mellus nished converting the manuale which is also the start of the plantang season and Groen Fields' bUS Chart of Accounts Post-Closing Trial Balance Supplier Information Accounting Procedures CHART OF POSTABLE ACCOUNTS GROEN FIELDS 1570 Greenhouse 1580 Buildings & Property LIABILITIES 2100 Bank Loan 2200 Accounts Payable 2650 HST Charged on Sales 2670 HST Paid on Purchases 2850 Mortgage Payable 5130 Data Management 5140 Interest Expense 5150 Soil Treatment Expenses 5160 Property Taxes 5190 Telephone and Internet 5220 Payroll Services 5240 Wages ASSETS 1080 Chequing Bank Account 1300 Seed Supplies 1310 Fertilizer 1320 Plant Care Supplies 1330 Office Supplies 1420 Annual Bedding Plants 1440 Perennial Plant Stock 1460 Tree Inventory 1480 Planters and Hangers 1510 Computer Software 1520 Computer Equipment 1540 Office Furniture 1560 Farming Equipment REVENUE 4100 Revenue from Sales EXPENSE 5020 Advertising and Promotion 5040 Bank Charges 5050 General Expense 5060 Cleaning Expenses 5070 Maintenance and Repairs 5080 Cost of Goods Sold 5090 Purchase Discounts 5100 Entertainment Expense 5110 Supplies Expense 5120 Hydro Expense EQUITY 3100 GF, Capital 3150 GF, Drawings 3600 Net Income NOTES: The Chart of Accounts includes only postable accounts and the Net Income or Current Earnings account. Sage 50 uses the Net Income account for the Income Statement to calculate the difference between revenue and expenses before closing the books, SUPPLIER INFORMATION GROEN FIELDS Supplier Name (Contact) Phone No. Fax No. Terms E-mail Web Site Address Tax ID Bloomers (CD. Budd) Tel: (902) 544-6292 Fax: (902) 544-5217 Tel 1: (902) 622-3188 Tel 2: (800) 622-2881 Crop Savers (Gen Nitro) Data Savers (N. T Buggs) RR 3 Clyde River, NS BOW IRO 910 Main St. Greenfield, NS BOT 150 4 Industrial Rd Truro, NS B2C 8J6 60 Water St. Dartmouth, NS B2W 6R9 budd@bloomers.com bloomers.com GN@cropsavers.com cropsavers.com ntbuggs@datasavers.com datasavers.com waters@dustbusters.com dustbusters.com Tel: (902) 721-5121 Fax (902) 721-5522 Tel 1: (902) 366-1551 Tel 2: (877) 366-1500 2/10, 1/50 385 345 863 RT0001 1/10, 1/50 901 200 865 RTOOO1 net 30 567 321 443 RTOOO1 net 1 345 667 216 RTO001 net 7 Dust Busters (Joan Waters) Intertel (Les Chatter) 2 Communicate Rd. Truro, NS B2A 2K4 Tel: (902) 456-2355 chatter@intertel.ca intertel.ca NS Gas (N. Bridge) 355 Pipeline Rd. Truro, NS B2A 5B1 Tel: (902) 454-8110 net 7 NS Hydro (N. Ergie) nbridge@naturalgas.com naturalgas.com nergie@nshydro.ns.ca nshydro.ns.ca Tel: (902) 455-5120 net 7 hd@RPR.com RPR.com Rural Property Repairs (Hy Drangea) Spotless Company (Dee Tergent) Yardworks Inc (1. Bigge) 83 Water St. Truro, NS B2W 659 71 Ridge Way Currys Comer, NS BON THO 49 Scrub St. Truro, NS B2G IVO 20 Oceanview Dr. Sydney, NS BIP 202 Tel: (902) 499-3481 Fax: (902) 499-3482 Tel: (902) 454-6611 Fax: (902) 454-3216 Tel 1: (902) 777-2346 Tel 2: (888) 337-4599 dtergent@spotless.com spotless.com jbigge@yardworks.com yardworks.com 1/20, 1/30 124 653 775 RT0001 1/30, 1/60 481 532 554 RT0001 net 10 288 411 754 RT0001 URUEN TIELUS - ACCOUNTS PAYABLE 11 OUTSTANDING SUPPLIER INVOICES GROEN FIELDS Supplier Name Terms Date Inv/Cha No. Amount Crop Savers 1/10, n/30 Apr. 26/21 Apr. 6/21 net 30 Data Savers Rural Property Repairs $ 800 $1 200 $1 725 500 1/20, n/30 CS-1044 DS-361 RPR-1341 Chq #164 Balance owing Grand Total Apr. 25/21 Apr. 25/21 Accounting Procedures The Harmonized Sales Tax (Provincial Sales Tax and Goods and Services Tax) In Nova Scotia, federal and provincial taxes are combined in the Harmonized Sales Tax, or HST, a single tax at the rate of 15 percent. The HST is applied to most goods and services. Groen Fields uses the regular method for calculating and remitting the HST. All items sold by the farm have HST added to them. At the end of each quarter, the HST in the Receiver General is reduced by any HST paid to suppliers on purchases. HST sales other Buus, Ullde SUUDEN Mal. W ched the books for the Mellus nished converting the manuale which is also the start of the plantang season and Groen Fields' bUS Chart of Accounts Post-Closing Trial Balance Supplier Information Accounting Procedures CHART OF POSTABLE ACCOUNTS GROEN FIELDS 1570 Greenhouse 1580 Buildings & Property LIABILITIES 2100 Bank Loan 2200 Accounts Payable 2650 HST Charged on Sales 2670 HST Paid on Purchases 2850 Mortgage Payable 5130 Data Management 5140 Interest Expense 5150 Soil Treatment Expenses 5160 Property Taxes 5190 Telephone and Internet 5220 Payroll Services 5240 Wages ASSETS 1080 Chequing Bank Account 1300 Seed Supplies 1310 Fertilizer 1320 Plant Care Supplies 1330 Office Supplies 1420 Annual Bedding Plants 1440 Perennial Plant Stock 1460 Tree Inventory 1480 Planters and Hangers 1510 Computer Software 1520 Computer Equipment 1540 Office Furniture 1560 Farming Equipment REVENUE 4100 Revenue from Sales EXPENSE 5020 Advertising and Promotion 5040 Bank Charges 5050 General Expense 5060 Cleaning Expenses 5070 Maintenance and Repairs 5080 Cost of Goods Sold 5090 Purchase Discounts 5100 Entertainment Expense 5110 Supplies Expense 5120 Hydro Expense EQUITY 3100 GF, Capital 3150 GF, Drawings 3600 Net Income NOTES: The Chart of Accounts includes only postable accounts and the Net Income or Current Earnings account. Sage 50 uses the Net Income account for the Income Statement to calculate the difference between revenue and expenses before closing the books
