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Allocating existing transactions

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How to allocate existing transactions in Sage Accounting.


You may have receipts or credit notes entered in Accounting. If you have not yet used these to pay or part pay an invoice or credit note, we show you how.

Do this so:

  • You can see which invoices still need paying
  • The outstanding balance for each customer or supplier contact is accurate
  • The invoice doesn't appear on customer statements


How it works

Once matched:

  • Accounts mark the invoice as paid or part-paid and the outstanding amount updates
  • The balance of the customer or supplier account updated
  • If you use VAT Cash Accounting VAT scheme, the value records onto your next VAT return

Use the Unallocated Receipts or Payments report. This identifies unallocated sales receipts and purchase payments easily.

To correct allocation errors, you can unallocate a transaction. For example: a wrongly assigned credit note to an invoice.

Related Solutions

Unallocate transactions