Sage 50 Canada

Hi, I got a credit note from a vendor. I booked the vendor credit note in AP. Now I received the payment from the vendor on the bank account How do I post it?

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…

Upon trying to apply a partial Credit Note to a purchase invoice (of lower value) it seems I am not able to keep the remainder of the Credit Note but it has debited the whole remainder into my bank account. I used the Payments window and selected the…

I have a supplier with a credit balance when it should be zero. There was an invoice posted that got reversed, however the credit is lingering on the supplier record. When I run the aged detail report and then try to drill into the CN, I get an error…

I need some insight on how to make adjusting entries for expense accounts from 2018 to 2019 that were not claimed for 2018 Taxes. I need to carry forward the amounts I made from receipts and Invoices that were charged and paid for in 2018. For example…

Hey there, When setting up from our last accounting software we had two accounts receivable, one in cad $ and one in us $, as well as three accounts payable, the extra being for GBP. When linking my accounts receivable to my customers for the linked…

Hello, Instead of making a purchase voucher, I made a general journal entry and cleared the accounts payable account via cash. However, instead of this amount linking to the accounts receivable, I know have amounts in both A/P and A/R. How can I transfer…

I was issued a credit memo in 2015 for some merchandise that was returned by our company to the vendor. To date, we had not used the credit memo. The vendor has closed its operation in our community so it issued a cheque for the balance. When I originally…

Hi, Our company has some old outstanding purchase invoices that don't make any sense for now. Therefore I would like to create credit note with negative amount to clear them. However, when I tried to clear them in 'Payments', after making sure the Total…

Hi We had an employee go on maternity leave, for just under a year. We continued to pay her medical insurance. There were no weekly entiries made, as it normally came off her check . Now that she is back, i need to figure out how to enter her payments…

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 …

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 -…

I am currently trying to reverse older invoices as opposed to writing them off to bad debt. I am able to pull up the old invoices, but upon clicking the "Reverse Invoice" button I receive a message that says "The transaction cannot be adjusted because…

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…