Sage 50 Canada

After posting YE adjustment for bad debt in GJ, my client aged summary report still shows the client. Here is the adjustment that was made: 1201 (Accounts Receivable) Cr 2000 1205 (Allowance of Doubtful Accounts) Cr 10000 2310 (GST Charged on sales…

I know there was few topics on similar issue but it seems I didin't find the answer. I received following year end adjustments Account payables Cr 20 000 consulting services Db 20 000 Since I cannot do adjustments to accounts payables without…

I have posted bank charges in expenses tab in account reconciliation as of Oct 31. After year-end adjustments, my accountant asked me to move it for next year. For some reason this transaction was not showing up to him. How can I move it to November so…

I have a company ready to move into the new fiscal year however when I check my data integrity my A/R amount and my unpaid invoices/deposits amounts do not match. I have an unpaid invoice for $33.30 (which displays in the unpaid invoices) however it is…

Hi, I am using Sage 50 Canada 2021 currently. I would like to start a new fiscal year for one company, however it keep showing following notice. The showing current balance account payable & Note Receivable is the correct opening balance. This…

La date de fin d'exercice de l'entreprise est le 31/08/20. On a débuter un nouvel exercice par erreur dernièrement. On peut tout faire quand même mais c'est plus de manipulation. Est-ce possible de revenir en arrière? En plus, une sauvegarde a été faite…

Hi there! It is our year-end and I am switching from manual bookkeeping to Sage. We have residual 2020 vacation pay owed to employees. I have created employee records, but need to enter the historical amounts of vacation owed to each employee. I thought…

CRA's rule is, when payroll periods and CEWS periods are different, business needs to stick to CEWS period without using prorate. So. I needed to make a copy file for CEWS with different period, different pay frequency to many company's payroll. However…

Hi Dear i hope everybody are fine on this period of time ,,, my question, because i am new user of Sage 50 and in our company we are working with the sage 50 premium Canadian version,,,, now thing`s i need,,, how can i closing multiple year because the…

I have an adjusting entry from the accountant which is to clear an accounts payable account and purchase prepayment entry. If I do an invoice it goes to accounts payment what is the account I charge it to. Should it go to suspense but then how do I clear…

Client was invoiced May 16, 2019 and paid invoice in full via Interact May 31, 2019 (Year End) . It was not posted by bank until June 4, 2019 (New fiscal year). What do i do for an entry so i can reconcile May and June properly? Thank you

Hi This is the first time I am doing a year end in Sage and just have a few questions. How do I flip to the new month and will I still then be able to post in the prior year and continue in the new year. I think I read that you put a lock date when…

Hello, Last year I invested personal funds to manufacture a product that I’ve been selling online. The money is not expected to be paid back for a couple of years so it’s important that I know at what point I’ve covered my cost. As last year was the…

Lambourne: Hello Alwyn, This is my first time on Sage City and I was trying to figure out how to ask a question on the support page? Any chance you can tell me that, I can't seem to figure it out. Maybe you can also answer my question: can I start my…

I am new with SA Canadian edition. Our year end is Oct 31/2019 and I need to issue payroll, cheques and bank deposits. I can't move forward close the year as I haven't received year end entries from the accountant yet (obviously) Is there an easy way…

What are the risks to entering Sales orders dated for the next calendar year? Or What are the risks to entering a Ship Date in the next calendar year? Thank you

I'm new to bookkeeping and have taken over from someone else who set up the books. I am unable to close history due to Inventory B having a value of $1,000 entered into history but not having any actual inventory linked to it. Error reads: The total…

Hi New to this - hope I'm posting correctly. I just started in the midst of year-end with a company & am compiling & reviewing the financial statements. Looking for advice on how to re-code a years worth of payroll entries -- whereby the 'meal allowance…

Hi, I am entering the Year End Adjusting Entries from the Accountant. I am almost done. I have one problem left though. My A/R is out by $0.09 interestingly, so is my Meals Expense account. If I could Dr. the A/R and Cr. the Meals everything should…

My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts: Here is a sample: 31/12/14 Accounts Receivable XYZ Inc - Account No. 1205 - Debit - 7592.20 31/12/14 Accounts Payable -…

Client never paid this 2014 invoice and finally they came back to us stating that they already closed their 2014 books on March 31 and wants us to date the invoice as of April 01, 2015. I understand what they want but our year end is also March 31. The…

We did not lock the year yet as we didnt send the stuff to the Accountants yet. I already did my GST report and I just got an Invoice dated March 31. Would it be better to enter it as April 1st so it doesnt throw off the books for the accountants?