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…

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…