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  • Supplier paid with personal credit card by mistake

    I accidentally paid a supplier invoice with a personal credit card. I know how to credit myself for the mistake, but how do I get the amount owing to the supplier out of the payables ledger?

  • Prior Year Adjusting entry

    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…

  • Repayment of EMployee benefit

    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…

  • Refund overpayment to client.

    How do I issue a refund to client client who has overpaid? Cheque was deposited and overpayment was posted as a deposit.

  • posted to the wrong account how to fix?

    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…

  • Year End Adjustments - Corrections to A/P or A/R

    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 -…

  • Paid sales invoices reversed just in GL

    Hi, I cannot figure out how 2 receivable JEs got reversed only in GL. The invoices are still there in the Sales Journal and have a payment recorded again them. In fact the payment was applied to 6 invoices and none of the invoices were reversed. There…

  • Reversing Old Invoices

    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…

  • Client Balance Owing - Wrong Entry

    We are setting up new company in Sage 50 CA Quantum Edition, under the clients and revenue - Historical Transaction, we have entered wrong value. How can we delete that or correct the value. I have tried to record payment against the wrong invoice value…

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