Sage 50 Canada

I recently paid an invoice through direct deposit, not realizing that our manager had already paid it using their visa card. The vendor doesn't have a refund policy, but we managed to reach an agreement with them. They agreed to consider the duplicate…

How do I Delete complete vendor, purchases and payments to start over. I added a new vendor Jan 1, 2024 and added purchases (pay later) and then payments. For some reason it is not working out and I want to delete the whole thing and restart. Can this…

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…

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…

Due to the Covid-19 pandemic, is there any financial assistance available for the mom and pop corporations who don't have any employees and take dividends. They don't take salaries or do payroll, but are not able to work because of the Covid-19.

New to Sage... Is there a way to reverse a credit note? An payment invoice and receipt were posted to an incorrect account. When the receipt was reversed, it put a credit not on the vendor.

I have Sage 50 pro 2020 edtion It is only keeping 2 years of data -current and previous. Sage 50 pro can keep 7 years - how do I make this happen before I turn over to a new fiscal year? thank you

Hello, I just had this problem. I have an account 4380 Gain/Loss that I changed from Group heading to Group Account. After I changed it, I made an entry for this account. When i ran a report, it now says that account is not in logical order and I couldn…

My question is - I think I may have entered incorrectly I'm working with GST remittances (Refunds or Returns) I'm doing it as a GJ entry - 3 accounts consisting of GST Collected, Paid and Cleared Once I enter my numbers in appropriate accounts then…

Hello All, A check issued to a vendor bounced & obviously wasn't cleared through the bank. I will need to create a new check. How do I go about cancelling out the NSF Check & Creating a new one? LMK, Thanks

I am working on a new client and i took the balances from previous yr trial balance. The company made corp tax installments in 2014 and 2015 around 40k Now the corp received 30k tax instalment refund. I have no idea where to enter in the books. The cheque…

Hello all, I am just getting back from a med leave and have found an error that my temp made. Wondering if anyone can help me out. We post a recurring entry each month, which is a direct deposit to us. I had posted Aprils payment before I left. However…

Hi, Situation : My client recently lost all access to their old accounting software (the only access they have is to their data is via excel reports). It is my job to import their trial balance from 2008FY to 2015FY into Sage 50 2016 CA. My next step…

Hi Everyone, I recently had to take products back from one of my customers. A credit note was issued for the amount the customer paid minus a restocking fee. EX: Products Cost: $100.00ea Products Sold: $120.00ea Credit note issued upon…

I have a list of the Accountants Adjusting Journal Entries. Is there a batch method to enter in adjusting entries or do I have to go into each account./module and enter a new entry as the adjustment.

I recall asking about this last year and find myself in the same position this year. I have received the adjusting journal entries for 2014YE from the accountant, and one of the entries posts to accounts payable. Unfortunately, one cannot post to 2100…

Hi all, Can anybody tell me the best way to record a GST Refund that has been audited and had ITCs denied by the CRA? When I file my return I move the rebate/amount owing to a clearing account. Normally, the 'GST Clearing' account would be emptied…