Sage 50 Canada

I accidentally paid a personal bill using my corporate Visa card. How do I record this and how do I reimburse for this? Thanks

We are a new company. We are using a GIC as a security deposit for a new corporate credit card. Which accounts would I use to record this?

how do I add labor to a bill of material as an item not as 'additional cost' (premium edition) why don't service items show on the build-tab

Hi Everyone, New to the system so I am still trying to figure things out. What's the best way to record an asset in Sage 50? There is an asset account for tools, which is the asset I'm looking to add. Do I input it as a general journal entry with…

I have one cheque that was written in 2021 but lost. I need to VOID this cheque and reissue in 2022. I can reverse the original payment with a JE so the new cheque will zero out the 2022 expense. This will ensure that my expense stays in 2021 and does…

I've been in the Quickbooks world for a long time and just refamiliarizing myself with Sage. I'm using Sage 50 Local, I hope this is the right discussion forum. I have a client/company that needs his bookkeeping brought up to date, there's about 5 years…

We are on Sage 50 Quantam and it's quite cumbersome to reverse accruals. I am not sure if I am missing a feature here, but is there any way to automatically reverse entries on the next month or even manually select a button? There has to be something…

I don't suppose anyone knows if there are any plans for Sage to allow more flexibility in editing entries (instead of creating a reversing entry), similar to what QB allows?

The new owners of the company have paid the previous owners a "Working Capital Adjustment". I am not sure what GL I should use to post the debit . Can someone advise me on this? Thanks!

Hello, Our company is staring a new Group RRSP plan. Most employees will contribute 3% of earrings, and the employer will match that. I am wondering what the steps are to set this up? I realize I need a new payable account for the Employee contribution…

Hello, I am just starting to use the Estimate portion of Sage. How do I properly create an account to assign these estimates too? Thank you

Help please - Adjusting Differed revenue entry if the sale is through customer vendor list.

I just received a call from Sage saying that I need to transfer to Sage Cloud because our Sage 50 Pro Accounting Canadian version 2022.2 is going to be discontinued and not supported anymore. Is this true or was it just a sales call trying to get us to…

Have two users currently using system. 1) admin-me and 2) parts-coworker. I am the main computer in which I would need to be logged in before then can use. They have been getting booted out but shows still active. Other day is showed I was logged…

I have removed/reversed the transactions in the account. But I still can't delete it. The number of the account fall directly inbetween another 2 accounts that are in use. so I can't create a new header account to delete this one. It is stuck our in no…

How do I reverse a prepayment entry that was created in error. The "Reverse Payment" icon on the payments journal is greyed out. Thank you

Hello -- In February we redeemed a GIC and reinvested most of it back into another GIC. The balance is what we anticipated we would need to transfer in our 2022 budget. I'm not sure how to record that amount, but I assume it should show up on our Q1 Income…

We just received noticed of a PIER report from 2020 finally being ruled on. Essentially it breaks down that we owe it so what I am looking for is what would be the correct entry to record this as I am paying it in 2022 (Fiscal year started April 1, 2022…

Hi, I am sure this is a simple process, I need to update the unit cost of an item. I am only able to change selling price. When we enter a inventory adjustment the Unit Cost can be changed however we would like to change it so we can set it to default…

Vendor Record is created with taxes selected for GST & PST When the Purchase Invoice for that Vendor is created the PST fills in but the GST is blank and it will not allow me to fill it in.

We have numerous (over half) of our clients that are inactive for more than 4 years, some for 10 plus years I am have them all inactive, but I would like to remove them so they don't show up in the customer list. When I try and delete them it tells…

I know there was few topics on similar issue but it seems I didin't find the answer. I received following year end adjustments Account payables Cr 20 000 consulting services Db 20 000 Since I cannot do adjustments to accounts payables without…

Hello - Since this morning (over 6 hours ago) I've been trying to process/post an eTranfer (refund) to a client without affecting AR or AP or any other GL acount for that matter. I would still to need to reconcile the actual bank accout statement, exact…

Hello - I am confused about the correct method to posting CERS. Some source says to use Dr. AR Cr. Property Related Expense(s) Or Cr. CERS (Income) Other sources says to use Subsidy Other (Income) Rent Subsidy (expense) Which is correct…

I have posted bank charges in expenses tab in account reconciliation as of Oct 31. After year-end adjustments, my accountant asked me to move it for next year. For some reason this transaction was not showing up to him. How can I move it to November so…