White Paper - Sage Pastel

Uninterrupted Processing CapacityYou will independently transact at head office and branch level. Unique prefixes will differentiate the transactions at a consolidated level.Loan accountsInter-branch transfers and loan accounts are standard branch accounting features. Branches are sometimes subsidised by the holding company orhead office for expenses such as rent, salaries and/or stock which require loan accounts. Loan accounts are used to effectively account for thesesubsidised expenses from a financial perspective.The set up of loan accounts may vary from business to business and is entirely up to the business’s discretion. In order to report and display loanaccounts appropriately in the financials, it is recommended that a loan account per branch is set up, as well as a global head office loan accountfor consolidation purposes.1. Create branch specific loanaccounts and tick the loanaccount tick box.2. Create a global loan accountand tick the loan account tick box.3. Activate your cash book for interbranchtransactions and link it tothe global loan account.4. Activate your cash book forinter-branch transactions andlink it to the global loan account.Branch Accounting | 8