Sage 50 Canada

While entering credit card transactions, for some reason the credits in the CC account are all being debited to the accounts payable GL, not sure if I set up my GL's incorrectly but how can I fix this?

I have had to manually input my Trial Balance from one computer to another, in which all totals match correctly. However how to I post to Accounts Payable (2100), as this was a total that was entered upon setting up the program on the new computer. This…

How do you guys handle situations multiple items are purchased that total over what the asset threshold (many accountants use $300 to $500) would be? For example if my client purchases a single table for $1000 I would allocate that expense to an asset…

I'm working on setting up my EFT Direct Deposit through Sage, and my Credit Union bank. The bank has set me up with CAFT and a username and password combo to upload my payroll EFT file too, however, Sage does not let me create any EFT references. Do…

I'm not sure where I clicked but I messed up the layout of Payments Journal window - see below. The columns of Amount, Allocation, etc got pushed away and I can't pull them back. When I open up a new Payments window for Make Other Payment, it looks the…

Hi, I am trying to figure out the best way to record Subcontractor expenses in Sage 50 2017. Would it be best when entering the Subcontractor supplier invoice for labour to also record the expenses here i.e. gas reimb or materials Also, if no…

Long term liability account but what is the opposite and where do I post the payments to bring down the loan over the year. Where is the interest amount posted? Also car loan. Do I enter as Capital and how do I break out the interest from the principal…

Our company is CDN but also does business in the US. So, we have set up a US bank account. We invoice our US customers in US funds and they pay accordingly. We also purchase US products (COGS, etc.) and pay for these using our US account. My problem…

Hi all, I issued a chq as a prepayment (no invoice selected) because the invoice had not been received. Everything seemed good as normal. However, when I wanted to clear the payment by the invoice, I was not able to find the payment. I looked up by…

I received an invoice from one of our vendors today, we have a credit on our account with them so the entire invoice was just applied to our account. My question is what is the proper was\y to enter in this invoice since it will not show up on any of…

We received an insurance invoice which will be paid over 12 months by automatic deductions from the bank. When we posted the invoice to A/P the entire amount was debited to the Insurance account. How should we have posted this so only the payments are…

i have been using sage 50 for years but i now have it for my own small business. it seems to have more features than the version i have at work. for example, when i create a purchaase invoice, it gives me the option to select from the inventory which…

Some of my vendors are set up for direct deposit however my system is no longer recognizing this and new supplier invoices are recorded as if they will be paid via cheque. Any idea how I can fix this?