Sage 50 Canada

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?

Hi everyone, My company is having a refund from WSIB due to last year reconciliation. For some reasons the refund wasn't issued and staying in the account balance. We decided to not receive the refund and instead using it to pay off the latest month…

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…

Please help me figure this out. I have overlooked a 2018 withholding tax payable and I just paid for it in January of 2020. How do I record it without making a mess of my current withholding tax record? I have recorded it as follows: Credit: Chequing…

Bonjour. J'ai un solde débiteur pour le compte "Vacances à payer" créditeur et je voudrais le remettre à "0" car les vacances 2020 ont toutes été payées. Une employée a reçu un trop payé de vacances il y a plusieurs années et nous ne tenons pas à…

I use Ceridian as our payroll provider and am wondering what is the best way to enter employer and employee deductions in sage when entering in the payment to the payroll provider?

I use different bookkeeping programs, but Sage is not my comfort zone. It does quirky things that I don't understand. Today's quirk I came across while trying to figure out the history of a ledger account. To view the transactions in a ledger account…

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…

In the 2018, Outstanding there is an entry from 2014, how do I delete/reverse this entry. The entry doesn't show!

My question is - I think I may have entered incorrectly I'm working with GST remittances (Refunds or Returns) I'm doing it as a GJ entry - 3 accounts consisting of GST Collected, Paid and Cleared Once I enter my numbers in appropriate accounts then…

Re: Chart of Accounts: After posting an adjustment, on Dec. 31, 2017, for Computer Hardware (Amortization): Account #1850 (Net-Computer Hardware) balance is Zero. But wonder why amounts for computer hardware - And - Accumulated Amortization continue…

Can anyone help me out? I need to make this adjusting year end entry into the a/p subledger CRA-GST ----DEBIT ---$1111 RETAINED EARNINGS - PREVIOUS YEAR--CREDIT---$1111 not sure how to accomplish this, the amount was posted in 2 entries in the a…

I have recently inherited a bit of an accounting tangle and we need to move onto the new fiscal without closing the old fiscals. Can it be done?

Can I record entries dated prior to the previous fiscal year start date? I need to record AJE's for 12/31/2014, is there a way to do this? Thanks

I got a list of adjusting entries from the accountant and one of the adjusting entries is "Accounts Payable" which is a linked account so it doesn't show up when I enter the account number in the general journal. Not sure what the proper way to enter…

Hello all, I am just getting back from a med leave and have found an error that my temp made. Wondering if anyone can help me out. We post a recurring entry each month, which is a direct deposit to us. I had posted Aprils payment before I left. However…

We have a USD account for Paypal. We enter the relevant date and exchange rate in the list used for that purpose (under Settings / Company / Currency). For example, at 30 Dec 2016, the Bank of Canada rate is C$1.3427 = USD$1.00, and in the FX list, we…

Similar too this post - it seems Sage does an automatic transaction if it finds a 0 balance at year end because it is quite obvious that if an account has $0 US funds in it, it must equate to $0 CA funds... https://sagecity.na.sage.com/support_communities…

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…

Hi, I paid 2 invoices with 1 cheque. One of the invoices on the cheque was cancelled by the vendor and the vendor returned my cheque to me. I reversed both invoices by creating negative invoices with the same invoice number/ same info/same accounts…

Help, Here is our situation: An old sale invoice became uncollectable, our accountant made a year end adjusting journal: 1xxx: Allowance for doubtful accts: CR 10,000; 5xxx: Bad Debt Expense DR: 10,000; But, this invoice is still in our system…

Hi, Situation : My client recently lost all access to their old accounting software (the only access they have is to their data is via excel reports). It is my job to import their trial balance from 2008FY to 2015FY into Sage 50 2016 CA. My next step…

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…

I need to enter year end adjusting entries from 2014 YE before I do my 2015 YE. When my accountant gave me the 2013 adjusting entries, I guess some were not made. So the 2014 adjusting entries contain some that are "to record prior year JE#..." The…

Hi All, I am a bookkeeper for a sole proprietorship. When I took over last year I was basically left to figure everything out on my own and told to go off what had already been taking place. The business has never closed out Drawings at year end. I…