Sage 50 Canada

Help! I just noticed that on my review from the accounting firm they have indicated that I need to make journal entries for previous years to resolve the note on the year end adjusting journal entries sheet to address the comment "To record PY AJE not…

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…

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…

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…

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…

My accountants gave me some year end adjusting entries but i can't post to some of the accounts in the GJ. i', using Sage 50. Please someone help me! Dr: Net Income $42183 Cr: Accum Deprec- Bldg $5905 Cr: Accum Deprec- Improvements $36278 Dr…

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…

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…

Hello, My apologies for not posting this question in Accounts Payable Module discussion forum but I was planning to do this entry via the General Journal. I’ve set up Account 2110 as a Payable_Accrued Liability Accoun t where I post year-end Petty…

When the system was setup, the person who did the setup, opened the bank account with 50K CR instead of 50K DR. When I took over in January, I wanted to correct the opening bank balance. I went through the account setup and changed the opening balance…

Hi We have a problem with my inventory. We do house and buidling wiring. We sold and install different type of cable and sometime it's sold foot by foot or in a package and I have an ''service'' item for that purpose. Also since we are in canada…

The bookkeeper before me has the line of credit account set up as a cash account. So I am unable to record payments on it and account for it correctly. Sage will not let me simply change the account type to a liability. It is only giving me asset options…

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…

My accountants have given me some adjusting journal entries to post however I cannot post to some of the accounts in the General Journal. I am currently using Sage50 Premium Accounting. Can someone give me some suggestions on how to enter these JE's.…

Using sage 50 premium accounting. I recently started at a place that has their inventory listed in sage. It is our year end now, and I can't make inventory adjustments to actual because: When their inventory items were originally entered, they entered…

Hi We had an employee go on maternity leave, for just under a year. We continued to pay her medical insurance. There were no weekly entiries made, as it normally came off her check . Now that she is back, i need to figure out how to enter her payments…

Taking over a client who entered payroll in GJ from the online CRA payroll calculator. The journal entries have wrong calculations (for income tax) and one employee was CPP maxed but she continued to post/deduct. When I am re-entering the information…

Hi everyone. I was hoping someone could help me or guide me on this situation. I have a customer who signed a contract and gave a deposit in 2015, however, same customer decided to cancel the job when we were ready to start this year. My question is…

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…

On April 1, we set up historical data for our inventory products. Several of these inventory accounts used serialization. Switched to go live, and then when trying to process a sale, the items associated with serialization would freeze the system. After…

Recently our company has started selling vehicles. I need to set up each vehicle as a cost object (I say cost object because I have considered doing and inventory item or perhaps a project) that needs to have the ability to have costs added to it such…

WCB rate got changed during the year. The WCB payable account now shows $21 more then actual liability, which I've calculated based on the current rate. Did not realize it until now when verified it with WCB. How can I adjust the WCB payable account to…

Hi I have 2 issues I am trying to figure out and would value any assistance 1. Inventory raw material We buy sheet metal by the plate size and sell by the sq ft but often the cost of the same material thickness will vary by the size and quantity…