Sage 50 Canada

Hi, Looking for a bit of assistance in bank recs. I took over the bookkeeping for these accounts and these entries were done prior to me being here. The rec balances in that it agrees with the bank statement, all transactions are accounted for on the…

I am currently in the process of rebuilding a company in SAGE 50 and have a few inquiries related to setting up the bank accounts, particularly addressing the input of outstanding/uncleared items. Thank you for your time. Appreciate your help in advance…

My 2023 Dec actual RBC bank statement ends Dec 29th My fiscal year ends Dec 31 2023 there is no banking transactions in my online banking for Dec 30 or 31th. I have not yet received the Jan 2024 statement, obviously bc the month is not complete…

The transactions I have outstanding do not match the outstanding amount. The difference is sitting in unresolved. How can I get it to move to the outstanding amount? i.e - o/s transactions = $26,449.06. Outstanding amount is showing as $13,809.08, unresolved…

I have some cheques that were issued in 2020 and 2021 that were never cashed and I want to void them and get them off my bank rec. How would I do this? I will not be re-issuing these cheques.

I'm trying to do my first bank rec for our operating account and am running into an issue. I've linked our bank account, and all applicable transactions show up on the match transactions screen, but when I go to do the bank rec 2 of my May 31st transactions…

In starting a new month in Reconciliation and I'm finding 1.32 outstanding before I even begin clearing the posts. This amount was not reflected in the previous month records and the report for the previous month shows zero outstanding. The GL does…

I am trying to track down an amount showing on my "Account reconciliation Summary report. Report by statement end date." outstanding deposit - 6,741.20 yet when I open up the reconciliation & deposits for my next month, there are no 'outstanding' deposits…

Incorrect bank reconciliation report is being generated when bank reconciliation window is accurate and posted. Why

Today was the first time I had the opportunity to use the new bank statement download feature. I have been frustrated by Sage's limitations in this area for years. Well, they sure hit a home run. The new module is tremendous. It allows you to match deposits…

Hello everyone...hoping you can help me out. Back in January I ordered some inventory from a vendor of ours. The items shipped, arrived, invoice was included with goods so I paid the invoice and sent the cheque. Mid-March the cheque is still outstanding…

A cheque was incorrectly voided by issuing a credit note against it (not by me!). As a result it is still appearing on the outstanding cheque list on bank statement. I cannot get into the journal that posted the credit note or into the cheque to reverse…

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…

The deposit slip has an incorrect amount and the bank didn't catch it on time. This discrepancy is the unresolved amount therefore I cannot post the bank rec unless I do an entry for such. Is there a way to clear just the incorrect amount so the discrepancy…

Hi, I had an accounts receivable paid by a customer, however, the cheque they wrote us was short by the small amount of $0.20 (the cheque was for over $5,000.) I entered the A/R as paid in full, knowing that when I do the account reconciliation that…

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 ??

new customer to reconcile bank statements, the first month to work on is month 1 of the last fiscal year (ie. May 1-31,2012) which I believe means that the Sage transactions before May 1, 2012 are not available/accessible because Sage let's us access…