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?

We have a customer who's company went into liquidation. They then started up a new company under a new company name however a new account has not been set up for them. Just a name change to the old company that went into liquidation. I have only recently…

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…

I recently taken over as bookkeeper in a mechanical firm and found that the 3 (2018 onwards) previous years have not been reconciled. Is there any way I can reconcile starting this month?

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'm I able to post transactions and reconcile bank past 2 years? If not and I restore from backup to 12/31/2018 and enter everything, is there a way I can keep the data already entered for 2019 and 2020 without having to redo each journal entry?

Hi we discovered that year 2018 ending bank balance that don't agree with what is in Sage 50 2018. We have accounted for all the transaction, everything it accurate. We need the starting balance of 2019 match the ending balance of 2018. so that we start…

Help please, I am almost positive my Sage50 bank reconciliation has glitched in some way. I attempted to reconcile the account with my bank statement - everything matches up. I have the correct: statement start date; statement end date; statement…

I've been using Sage for only 2 years and the bank account reconciliations have always gone well. We don't normal incur account expenses but when they did occur, I simply created an expense and allocated it to the Bank Charges account automatically created…

My accountant is going through our fiscal year books and noticed that our accounts receivable general ledger report is higher then the customer aged summary report by an amount of $12,273.40. I was looking through the forum and came across someone suggesting…

I recently posted a question with regards to having changed banks. Now, I am doing the final account rec on the closed account, but I am having issues. For the month Feb. 1-28, 2018, the reconciliation went off without issue--all book and bank balances…

Hi all, I am new to Sage 50. Please show me how to post the dividend received in T5 slip that we received from the Canadian source. Thanks

Does the current version of SAGE 50 (Canadian Edition) handle the Bank Reconciliation the same way as the version we're on - 2015. We've encountered problems (yes, caused by adjusting transactions in the prior month) where it required resetting the Bank…

We very recently acquired a credit card account and I am doing the account recs on the credit card account thus far without issue... until now (we only have at this point, 4 credit card statements.) My question will be: should I just uncheck "Save Transactions…

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

I'm attempting to finish an account reconciliation, and have an 'odd' question--I think. Everything seems to be good for my account rec, but I have an "Unresolved" amount -0.01 (and thus my "Resolved" amount is up by $0.01) My opening balance is…

We recently set up two new, MasterCard credit cards, one for each owner, and I guess I'm now wondering how to reconcile the credit cards. I do the account reconciliation for our chequing account without issue, however, credit cards do not seem to…

This past week, all of sudden, I've been having the following issue when I hit "Post" on an account reconciliation: What is this? Thanks, Kristine

Hello, I recently took over the accounting for a small business that has grown very quickly over the last year. 30 of our employees have company master cards which is necessary as they need to purchase equipment for our clients on a daily basis. They…

I just hit "Post" on an account reconciliation, and Sage 50 up and quit and gave me the following error message: Does anyone know what this means, perchance? How do I avoid this happening in the future? For what it's worth, I have since started…

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…

Hi, I need help. We changed our user module and now instead of single user we have 2 users for our Simply Accounting. Since this our bank reconciliation is off. It is quite a mystery as we do match the entries to the bank perfectly but it shows an unresolved…

I am trying to set up a credit card reconciliation for the first time, as I have done before, but I am having difficult with this one and I'm not sure why. I put in my opening and closing balances, of the statement, but after I clear the transactions…