Sage 50 Canada

Background: This is the first year of business. The books are being transferred to Simply. I'm unable to proceed from history mode until I've balance the Prepayment account balance to the Pre-order/ Prepayment along with the Deposit account balance…

I have read through about 50 post about this and none have answered my question. Alright. I wrote a cheque to a vendor but have not received an invoice with this cheque amount. I want the payment to look like this: 1300 prepaid expense (asset account…

Can some one help me understand prepaid assets in Sage 50, Here is what I am trying to do. I have a vendor called GS1 which is linked to a Prepaid Expense Account 1321 (not 1300). I have this bill mid year so I need to increase my Prepaid Expense…