Sage 50 Canada

Hello, I need to clear old invoices however I need it to not impact the GL balance as the accountant said most of those payables are not in the GL anymore. Thanks

Hi Everyone, I paid a US based supplier a USD wire payment that did not go through due to inaccurate banking info from their end. I am trying to reverse the payment in the Payments window (with show all fully paid invoices on) so I can issue a USD cheque…

Hello, I have a YE adjusting entry that requires a debit to A/R and credits to both Allowance for Doubtful Accounts, and Misc. & Adjustments - this entry will correct writing off a bad debt twice. I know I cannot post directly to A/R, just not sure…

I am trying to adjust a receipt that I made on July 31, 2022. I get a message saying "The transaction cannot be adjusted because the transaction date occurred before the previous fiscal year." Our fiscal year end is June 30th. I KNOW I did not create…

Hi, In June, I posted and invoice to the vendor. Now, after discussion the invoice is cancelled. How can I void it without affecting June reports? Can I just post another invoice with negative number and name it as a Void? Thank You

When customers come in to pay their invoices, there is a 2% charge for credit card payments, but I am currently manually calculating them, then adding it separately upon payment. Is there a way I can have that done automatically thru Sage somehow? Thank…

hello out there, hope somebody can help me. i do have an discrepancy of CPP /EI and Tax ( in my books it is higher then CRA gives me/ YAY:) Now i wanna post an payment made to receiver general, for the full amount. Do i put the rest off the payable…

After posting YE adjustment for bad debt in GJ, my client aged summary report still shows the client. Here is the adjustment that was made: 1201 (Accounts Receivable) Cr 2000 1205 (Allowance of Doubtful Accounts) Cr 10000 2310 (GST Charged on sales…

We have been having an issue with part of our company not submitting invoices on time. This leaves us with invoices dated for months where the HST has already been submitted. Is there a way that we can enter the invoice with the correct date for aging…

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…

Hello, Is there a way to link project numbers/names from the Projects module in Sage 50 to customer statements? I code all AR invoices to a project and I would like to be able to add this information to customer statements as we are no longer using…

I posted a payment that was $.06 short on a $588.66 and adjusted the amount to $588.66 through payments when I was reconciling my bank statement. There is a credit of $588.60 showing as well as the $588.66 invoice. When I clear the $566.66 invoice I still…

I have opened a Sage file for a new client of mine. When I attempt to adjust an sales invoice or a purchase invoice, the icon for editing them is greyed out and I can't click it. Is there a way to unlock this? I have not had this happen before. The settings…

Why am I getting this message when trying to finish history and start new fiscal? CAD Balance $635.00 Total Outstanding Canadian Dollars Invoices and Prepaid Order $0.00 Total Outstanding United States Dollars Invoices and Prepaid Order (US$0.00 USD…

We received money from company X to pay a loan of company Y. I received money in Sage from company X and it went under liabilities. In General Journal I credited company X and debited company Y. Now in balance sheet I don't see company Y anymore,…

I in error posted 10 receivables twice, JE 26-35, and then in error again, 36-45. I reversed the second set, 36-45. Now when getting a journal enrty report, 46-55 are not showing. I presume these are the reversed entries of 36-45, the ones I reversed…

I recorded an Expense List that one of the employees submitted and wrote his cheque in October 2021. I have just realized that I made a mistake then by attaching a receipt that should not be included in the expense list. Now I have to adjust the Expense…

My accountant sent an email to reduce ITCs claimed for an adjustment (ITCs over claim) from previous tax year. ( ITC claimed on truck purchase of whole amount, but was a lease so incorrect amount claimed). He said to reduce the ITCs on the next GST…

The company I work for had a new floor put in ($4000) and the landlord said they would pay half the cost. The landlord told the company to reduce rent amount that month by $2000. I entered total rent for the month of $2500 then put in a credit to rent…

Hello all, From my accountant I got adjusting entry as follow: Account Payable Dt $110,181.09 Account Payable Dt $13,502.88 Account Payable Dt $145,393.82 Due to related parties Cr $145,393.82 Payroll liabilities -current Cr $ 110,181.09 GST Charged…

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?

So in March we paid a foreign exchange invoice (euros) but in April payment was returned to us for a different amount, Vendor is set up in Euros Original transaction was 2 invoices paid totaling 49.20 Euro, with an exchange rate of 1.5107582, so totaling…

I want to convert an inventory item that we purchased to a fixed asset. Is it possible?

I have an invoice for services that included GST. The invoice is showing PAID but only the GST is showing now in the Current Account 1060. So now I can't reconcile the bank account. Why would the amount for services not be in the account?

Hi Sage City, We have a Vendor account that was created in error. There were some payments issued and the cheques were adjusted to the correct account (fortunately a similar name but with a slight change) but the cheques now show in the cheque log with…