Sage 50 Canada

Hello, I am looking for an entry to clear -20000 balance in the 2622 CEBA loan account payable for the amount of the forgivable portion that we previously claimed as income in 2020 but were later deemed ineligible. We have repaid the loan, which account…

There is a customer who paid by foreign currency. Normally, their sales is in Canadian dollars. But this time, they paid by US currency. It is supposed to be $100.00 canadine. But they paid in $80.00US dollars. Then, we deposited $80.00US into our US…

Hi, I'm helping out a freelance writer who recently published their own book. I'm a bit lost as to how to treat the transactions in that most of the inventory (i.e. books) arrived around mid-December. The majority of expenses were incurred in 2018…

so, my husband got paid for an invoice for services rendered. the cheque amount is for $2124.40 he deposited $1524.40 and kept $600 cash. How do I record this in sage 50.

Hi all, Recently, I have a very big issue regarding to double entering same transactions into two companies. Our school is a not-for-profit school, and our school does not have a credit card, so lots of items were bought by another private company that…

How do I enter start up costs for my corporation that were paid from personal accounts prior to start up? I would like to show the costs as investment to the business, and properly show the expenses to the business. I have read some posts regarding…