Sage 50 Canada

Hi there, I took over the book keeping for a company and the previous book keeper was not consistent with using the bank rec for the credit cards. The Company year end is Oct 1 - Sept 30th. I am trying to go backwards to clear out and reconcile 2022…

I made a prepayment to a vendor and recorded it. However, the vendor has now refunded the amount back to us. I'm not sure how to account for it at the moment, but the refunded amount has been deposited into our bank. any guidance?

I posted November reconciliation with 0 outstanding and 0 unresolved. Everything was correct. Now, when I try to reconcile December, reversed transaction from November shows in bank reconciliation for the period of December. How can I fix this?

I found one of my monthly payments not recorded in the payment journal for the CRA yet it was in the GL for the month . The month was reconcilied and CRA payment made but working with the T4 Summary showed the error. I recorded the payment with the date…

I have an issue with a previously filed tax year where the US exchange rate was posted extremely wrong ($537.61USD = $3016.97CAD). Since it was not corrected when the filing was done, how do I now correct it? I am assuming I need to make an adjustment…

I have 3 items appearing in my bank reconciliation from 2013 that I would like to remove. 1 is an item that was entered as an expense paid by cash from the chequing account but it was actually paid by cash from an employees personal account. The other…

Ok, Hopefully I can explain this well. Over the course of 6 months we had continuous sales with one main customer. Lets just call it " cust A" Their was a large amount of discrepencies in "cust A" pay summaries so long story short, I wanted to reverse…

I have done and redone bank recs numerous times, and have always been able to figure it out when the discrepancy and unresolved argue with you. But I am stumped this time. I have rebuilt a company after they lost all data due to a computer crash, and…

How do I reset my bank balance. The acoount has never been reconciled and I have an outrageous amount as a bank balance. I want to enter my bank balnce on my new statement date ..can you help ??

With one cheque I paid 3 invoices. When my back statement came in I realized that I entered one of the three invoices incorrectly and therefore my system is off by $.01 because one invoice is off by $.01. I tried to go back and adjust the entry to the…