Sage 50 Canada

Newbie here. When I go to make an invoice paid that has associated inventory items on the purchase it won't let me change payment to cash so my Bank reconciliation is off by these invoices. So the invoice stays as Pay Later. How do I make these payments…

Hello I made a mistake entering wrong year. . There is a payable invoice dated 2021 June 30th. But I entered as year 2020. I was going to make a reverse entry dated as 2020 June 30th . But it doesn't let me do it because it is invalid date. And saying…

Can anyone walk me through the proper journal entries for this? Just prior to year end I wrote a cheque to a vendor in the wrong amount but posted the correct amount on the invoice. Yes, I still handwrite cheques, lol. As it is a small amount, the…

Hi everyone, I was trying to enter a GL entry. But the column for entering accounts lost somehow. Can anyone know how to get it back? Thanks. Please see the image:

Looking for some direction please. I have a client who was to attend an event and paid the invoice in the current fiscal year. Because of Covid the event was cancelled. The event refunded 1/3 of the payment (direct deposit into bank account) and has…

HI I have a situation as One customer is both a vendor and a customer We have a balance outstanding with them, so now they are deducting our invoices from the amount we owe What is the proper way to enter this Thanks in advance Penny

Is there a way to reverse or cancel a payment to mastercard? I accidenitly did the payment twice...

Hello, I'm using Sage50 Premium in history mode, moving over from a custom accounting software. Fiscal year is 04/01/2018 to 03/31/2019 I was trying to enter customers/vendors historical transactions but it wouldn't allow me to enter invoice dates…

In a clients year-end adjusting entries there was a couple of duplicate postings for vendor invoices so the adjusting journal entries the accountant gave to correct this is to DB the A/P account and to CR the Hst paid & the Purchases ( corresponding expense…

Hello, I need to post adjusting journal entries for several years to record accounting accrual amounts to accounts payable. However, the general journal isn't allowing me to do so. Please Help! The entries are as follows: 09/30/16 Accounts Payable…

Back in May I created an Accounts Receivable entry and posted the amount of the A/R to a Revenue account. When the customer paid the bill in July and the bookkeeper made the bank deposit he forgot about the A/R and posted the amount to the same Revenue…

Hi, I am working on our fiscal year end. I went to do the transaction in my GJ "To Correct Payroll A/P with Expense for Year End" According to my calculations it looks like this: Dr. Cr. 2180 EI Payable 1,624.32 2185 CPP Payable 3,217.44 …

Hi, I am entering the Year End Adjusting Entries from the Accountant. I am almost done. I have one problem left though. My A/R is out by $0.09 interestingly, so is my Meals Expense account. If I could Dr. the A/R and Cr. the Meals everything should…

I was wondering if there was a way to move money from a journal entry that created a deposit months ago to a bank account and apply it to an outstanding invoice? The bookkeeper that I have taken over for never really paid any invoices and just created…

I know I cannot reverse a Deposit Slip which is really not making sense as we are all humans and we make MISTAKES like I JUST did!!!!! I need help to fix this if anyone is capable to explain in a clear way as I feel really dumb right now. Please…

Hi I need assistance please: In the previous fiscal year we generated an invoice for USD (in a foreign currency) $1080.04. The client paid the amount via a wire transfer and the invoice in Accounts Receivable has the PAID on it. However, the Accountant…

My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts: Here is a sample: 31/12/14 Accounts Receivable XYZ Inc - Account No. 1205 - Debit - 7592.20 31/12/14 Accounts Payable -…

Client never paid this 2014 invoice and finally they came back to us stating that they already closed their 2014 books on March 31 and wants us to date the invoice as of April 01, 2015. I understand what they want but our year end is also March 31. The…

I have a new client that has many outstanding payables from a few years ago. These were paid either by chq, or cash but was never cleared through the accounts and therefore outstanding, I would like to clear this up so that it will be current and accurate…

Hi, I've been trying to figure out how to fix this problem but I can't find anything... The first thing, when I look at Clients & Revenues module, there's nobody who still have an unpaid balance (and I know all my clients paid). So everything is fine…

Trying to reconcile my mastercard account. I have one charge that was outstanding from the May bill, and now I trying to reconcile it from the June statement. However, the amount is out by 2 cents. The purchase was made online and the printed invoice…