I've been using BT to code payments going from the farm to the trust for a couple of payments that the trust made and the farm reimbursed.
I've been told not to use the BT code. Not given a reason, just told 'don't'.
What else can I use? None of the other codes seem right.
Yes we pay a monthly lease to the trust which I code to Rent (RT) and that's fine.
But we've had to transfer extra money to the Trust for some development expenses which it's had to pay because it owns the land.
It's also paid a couple of months of PAYE while the farm was a bit short so I reimburse it when there's enough money.
A friend suggested I make new codes in the farm and the trust and put them in the same areas as my codes for Principal and tax.
So what I'm thinking is a code in the farm database called TRUST and a code in the trust database called FARM.
Does that sound right? Has anyone else had to do this?
I've been using BT to code payments going from the farm to the trust for a couple of payments that the trust made and the farm reimbursed.
I've been told not to use the BT code. Not given a reason, just told 'don't'.
What else can I use? None of the other codes seem right.
Thanks @rosew-h it's been a busy week and finally get the chance to sit down!
Yes you're right, I spoke to my accountant and he explained its about what stock we close with on 30th June to what we opened with and the difference between them. Still a bit confusing to get my head around.
We started using cash manager part way through this year so i've been playing catch up and hit a few walls when hubby says they're an animal that I don't have in my stock rec like dry ewes. What do I code it to? or do I create a new code?
I haven't talked to their help team cos i think it's a silly question. I'll just keep at it and hopefully have it right for the accountant in June.
Hi there
Relatively new to using Cashmanager and a bit confused about how it ages animals in the livestock rec.
I want to age my replacement ewe lambs up to hoggets now but it looks like I can only do that at the end our business year in June.
Does anyone know why?
Many thanks 😊