Sage 50 Canada

I have one cheque that was written in 2021 but lost. I need to VOID this cheque and reissue in 2022. I can reverse the original payment with a JE so the new cheque will zero out the 2022 expense. This will ensure that my expense stays in 2021 and does…

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 accidentally paid a supplier invoice with a personal credit card. I know how to credit myself for the mistake, but how do I get the amount owing to the supplier out of the payables ledger?

So in March we paid a foreign exchange invoice (euros) but in April payment was returned to us for a different amount, Vendor is set up in Euros Original transaction was 2 invoices paid totaling 49.20 Euro, with an exchange rate of 1.5107582, so totaling…

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…

Can anyone walk me through the proper journal entries for this? Just prior to year end I wrote a cheque to a vendor in the wrong amount but posted the correct amount on the invoice. Yes, I still handwrite cheques, lol. As it is a small amount, the…

When entering a P.O. for Vendor/Supplier and it is an inventory item, does it remove from Inventory when processing that order? Or does it remove when it has been invoiced. Our current process for inventory stock is done the following ways: -Sales…

Our normal pay period is bimonthly (24 pay days) One person's payroll does not make sense because some periods, his pay stub is correct (march1-15, then 16-30) but some months, the pay stub is incorrect (april1-15, then 25-31). The bi-monthly salary…

Hello, I recently converted to Sage 50 Premium from Accountant Edition and I was previously able to make adjusting entries to GL 1200-1300-2100 now it is not allowing me to do this ( when I converted I was assured that the premium version had all the…

Hi...I am having trouble reconciling my bank. I issued an extra payment to an invoice that did not exist with vendor. They pointed it out, i removed the invoice instead of reversing the payment. The cheque does not exist so therefore 1) Reissued cheque…

Bonjour! Je viens de commencer la comptabilité pour une petite entreprise qui ne s'en occupait pas vraiment. En gros : toutes les factures clients et factures fournisseurs passées en 2019 ont été mises ''À payer plus tard'' et jamais encaissés/payées…

Hello all, I need some help with a Purchase Order that seems to have glitched. Long story short, I converted it to a Purchase Invoice, but it still shows in my list of active Purchase Orders: Here are the relevant journal transactions. You can clearly…

We just paid an invoice dated in 2018 on March 27, 2020. It show up in the aged vendor detail report but it did not show up in Bilan nor accounts payables dated on Feb 29, 2020. I'd like to know why and how to resolve this problem. Can we enter an entry…

Hello, I am hoping that I can ask for a step by step explanation to possibly zero out and restart my balance for the credit card account I have in Sage50. The last employee added no invoices for the year of 2019 and only paid the credit card via…

I've have two cheque payments that were created by paying two invoices that I had created. These were actually supposed to be prepayments not paid against any invoices. I now have the actual invoice that I need to enter, and I would like to be able to…

Is there a way to make an adjusting entry for the previous year after a new year has been started? I need to enter an accounts payable to 2019 that was not discovered until after I had rolled over into 2020. What is the best way to do this?

I need some insight on how to make adjusting entries for expense accounts from 2018 to 2019 that were not claimed for 2018 Taxes. I need to carry forward the amounts I made from receipts and Invoices that were charged and paid for in 2018. For example…

Is there a way to reverse or cancel a payment to mastercard? I accidenitly did the payment twice...

Our year end is March 31 ......and we use average costing of inventory allowing for negative values. I cannot figure out how to fix this, and it's completely messing with my inventory and financial statements. What is creating this variance line? How…

I work with Sage 50 Canadian Edition 2019.2 I have two paychecks that were posted in January with the wrong amounts. CRA remittance was paid based on these wrong figures. I need to correct in order to reconcile the account and do not know how to post…

We have a supplier that we paid using a finance/credit card company. Do I pay the bill using the credit card account? I thought of paying the amount using the credit card account, then doing a journal entry and taking the amount out of the credit card…

Help! We were originally invoiced for a unit (over a year ago) we recently received a credit memo for the total amount of the unit and then were rebilled for the unit at a discounted price. Original invoice created a purchase invoice to our wholesale…

I realize this question may be very similar to others, I did look around though the forums... the answers to me didn't seem like they were what I was looking for, but I'm not an accountant in any stretch and started using Sage 3 weeks ago so please bear…

Hello, I need to post adjusting journal entries for several years to record accounting accrual amounts to accounts payable. However, the general journal isn't allowing me to do so. Please Help! The entries are as follows: 09/30/16 Accounts Payable…

Hi, all: While I modified a sales invoice, this is error message: "The cost of one or more items has changed since you started processing this transaction. If you recently printed this transaction's Detail report, reprint the report to see the effect…