Sage 50 Canada

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…

I have to calculate Depreciation for several Capital Assets for my client. My client didn't tell me which method to use. When I ask her she answered me that the calculation is done on the Revenue's web page. I didn't find anything on the web on how to…

I'm a little lost when it comes to recording depreciation. I was wondering if anyone could help. We purchased a vehicle, a computer, a trailer, office furniture and storage buildings. The accountant has already depreciated the values for us, but I'm just…

We are a new business (about a year old), and my husband's truck is used 100% for the business. I don't know how to account for this in the system? It's already completely paid for. How to I enter the value of this truck into the system? Debit Vehicle…