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?

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…

IN DECEMBER I HAD A CUSTOMER WISH TO PAY A CERTAIN AMOUNT TOWARDS HIS SONS ACCOUNT AS A GIFT (WE DO NOT ISSUE GIFT CERTIFICATES) BUT IN A SENSE LIKE A GIFT CERTIFICATE SO I CREATED A RECEIVABLE INVOICE APPLYING IT TO MISC. SALES (REVENUE ACCOUNT) TO…

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…

Hi there, I have a client that operates a few divisions under different names and we have multiple projects with them. We received a payment from one of the divisions that also included payment for an invoice from a separate division. Eg Company ABC…

Hello To explain the situation. Someone created an invoice in error to receive a deposit from a customer (should have just received the deposit and not created the first invoice). I found that they had created this Invoice in error so I reversed the…

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 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 there, this is my first ever post, and I'm not that great with Sage 50, so please, bare with me! And if I posted this in the wrong group, I apologize! We received a bill that was 2 months worth of charges, so we assumed we missed a payment and paid…

We have a company that we buy lab supplies and also have a service contract. Since it's the same company, I have to remember to change the account when I post the Service Contract which I forgot twice. One is posted in the previous year (15/01/2015…

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…