• How to start using Sage 50 for credit card entries

    We are a small business but have a company credit card that we use to make a lot of purchases. When we started, our accountant had us enter our credit card purchases into an excel spreadsheet and then enter them in to sage using the general journal. I…
  • CMIS2240

    I'm confused about the linked account in credit card. And my second question is when I put the amount in the opening balance I got a different account and then when I put another amount that the last amount has gone.
  • Credit Card moved from one company to another

    I'm wondering what the proper steps are for setting up a credit card that was moved from an old company to a new one? The credit card that was moved has an opening balance of 17,784.64, however the company file has several months of transactions recorded…
  • TRYING TO REACH SOMEONE AT SAGE re: Updating our Credit Card Information

    Hello All, We have have been trying to update our credit card with Sage for over a week now! This has been the most frustrating process; waiting on the line for hours only to be put back on hold again and then having our call dropped TWICE, logging…
  • Cheque payment for company credit card

    Hello, How do I remove a posted cheque payment for the companies credit card? Thank you
  • Cash back from Visa

    I receive an annual cash back amount for using the company credit card, which applies directly against the balance on my credit card statement each November. What is the best way to enter this transaction?
  • Credit Card Reconciliation Problem

    FormerMember
    FormerMember
    I recently took over a set of books and have found that the last credit card reconciliation before year end was not completed. All the year end documents and adjusting entries have been completed. How should I proceed with completing this reconciliation;…
  • Credit Memo in Bank Reconciliation

    FormerMember
    FormerMember
    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…
  • First Credit Card Reconciliation

    I am doing my first ever credit card reconciliation in Sage 50 but when I clear everything it gives me an unresolved amount which is the same as my opening balance, Outstanding is 0.00. I saw a previous post that said to adjust the opening balance to…
  • Credit Card Reconciliation - Technical Error with Moneris

    FormerMember
    FormerMember
    Our credit card processing service had a technical error communicating with our accounting software back in February. Sage Exchange gave us an error when processing a credit card transaction and didn’t give us an approval code. I processed the transaction…
  • Unchecking "Save Transactions for Account Reconciliations"

    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…
  • Credit card payment: How to erase "additional fees and interest" mistake entry ?

    I wanted to pay the credit card and instead of writing the amount of the payment in the "Amount payment" section, I put it in the "additional fees and interest" section instead, the one just above. So instead of paying my credit card, I owe twice the…
  • PayPal as credit card - reverse payment on credit card

    I set up PayPal as a credit card in Sage 50. I made a purchase using PayPal. Having made the purchase via PayPal, I followed up with making a payment to the credit card, i.e. PayPal, for the amount of the purchase. This is what I've always done…
  • Pay Credit Card correction

    I used the "Pay Credit Card Bill" feature in the payments window. In error, i entered the wrong date. I went to change it, but I keep getting a message no data? How can I fix this? Why does Sage do this?
  • Recording Payments by Visa/Mastercard

    Hi there, I have a question about receiving/recording payments made by Visa/Mastercard. Someone previous to me has set up Sage to receive payment using the credit card feature with no discount fee, as the fee is only deducted monthly and it varies significantly…
  • How do I post purchases I make using a credit card?

    I am really struggling to understand how to record purchases I made with the company credit card into Sage 50. For example, I went to Walmart, I purchased $20 of office supplies, $30 of marketing supplies and spent $10 on some items for myself. I paid…
  • How to record our payments made to vendors via PayPal?

    Hi, After some research on the internet and here on the Sage 50 forums, I have set up PayPal as a "credit card" that we use to make payments to vendors, with the following linked accounts (please note we do NOT accept payments from our customers via…
  • Credit Card Payable balance is incorrect

    HI, My boss has been using his personal c/c to do purchases. He recently switched c/c companies. He paid off the old c/c, but in the books it still shows a CR in 2138 Credit card payables. I am thinking that I may have to do a GJ entry to correct…
  • Set up new US Visa Card for use

    FormerMember
    FormerMember
    Our business has a new US Visa Card to pay for expenses in USD. I want to set up a new visa card but Sage 50 does not allow me to choose the currency for the credit card? Anyone knows how to do this? I'm using Sage 50 Premium Accounting. Many thanks…
  • Help with credit card payables

    Hello, I recently took over the accounting for a company and am having trouble figuring out the credit card payable accounts. The balances are not clearing after being paid and I think I know why. The credit card bills were done in 2 different ways…