How to Record A Sale Abroad on sage line 50

1. Enter a batch customer invoice using the Invoices option from the Customers window. Enter the net value of £200.00, with the appropriate tax code and sales nominal code. 2. Enter a customer receipt for £195 using the Customer option from the Bank Accounts window. 3. Enter a batch customer credit note using the Credits option from the Customers window. Enter the net value of £5.00 (i.e. the difference between the invoice and the amount paid), the Exchange Rate Variance nominal account (e.g. 7906), and the tax code T9. 4. Allocate the outstanding invoice to the credit note using the Customer option from the Bank Accounts window. Enter the Customer’s account reference, but leave the cheque balance as zero. Pay both the Invoice and Credit Note in full, and then click Save. You have now recorded your sales invoice, the payment made and the difference between the two of them. Purchases Abroad You purchased goods from a supplier abroad. At the time of purchase the goods were valued at the Sage Line 50 equivalent of £230.00. When you actually paid for the goods, you paid £235.00 due to the fluctuations in the exchange rate on that day.