Sage 50 Canada

We are an analytical testing lab that buys many consumable materials and reagents. Is there a way to account for these things as an asset before they get used up? These items are not technically "assets", but they are an asset to us until they are gone…

We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use. Would I set up an expense account for appliances 5115 and an asset account 1840…

Hi, Our company has built a rental property. The property will have one unit as a rental and the lower unit will be used for staff traveling at no expense to them. My question is how do I set up the accounts to keep track of the expenses for both the…

Hi All I'm wondering if someone can assist in the best way to record the purchase of company vehicles for a painting company in BC. -This is a sole proprietorship, they buy and sell their vehicles every couple of months, these vehicles are always…

My boss has sold his business - it was an asset sale. The business was in a corporation, so my boss retains the shares but is no longer operating. One of the requirements of selling the business was that my boss has to pay for renovations to the premises…

Hi. My client is a corporation (GST registered). The corporation obtained a utility trailer through a work trade situation. They did work for an individual and in exchange for the work, they obtained the trailer. It was a straight trade - no funds were…