Welcome to the Sage 50 Canada Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
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…
I have a positive 2040 unresolved amount and a negative 2040 discrepancy amount - in my last Dec bank rec. Beginning and ending balances are agreed to the bank statement balances. How I can get rid off the discrepancy? Bank has not been reconciled yet…
Frustrated and need help troubleshooting your bank reconciliation? Our support colleague Luc Letarte, has graciously put together the following flow chart resource on the subject.
Why is the Bank Reconciliation Important?
"Bank reconciliation is the…
Hello everyone...hoping you can help me out.
Back in January I ordered some inventory from a vendor of ours. The items shipped, arrived, invoice was included with goods so I paid the invoice and sent the cheque. Mid-March the cheque is still outstanding…
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…
Would you like to master all the features in Sage 50 Accounting? Our hands-on-lab training is perfect for you!
Sage 50 Accounting Modules Training
This two-day course is designed for customers who want to master all the essential features in Sage…
Sage 50 Productivity Tips & Tricks Bootcamp Designed to make your daily tasks faster and easier.
Do you want to do more with Sage 50? Or work more efficiently?
Sage 50 Accounting is a small business, out-of-the-box accounting solution with a lot of…
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…
Can someone help me please! I use Sage 50 Premium Accounting CA and I am doing my Account Reconciliation for the first time. My opening balance and end balance are correct. Here is my problem... My opening balance matches my unresolved $20,892.26 but…
If you’ve heard this story before, don’t stop me, because I’d like to hear it again . – Groucho Marx
Bank reconciliations are one of the easier things to do with Sage 50, yet we seem to get an awful lot of calls from people panicked about them.
Briefly…
I was wondering if there was a way to move money from a journal entry that created a deposit months ago to a bank account and apply it to an outstanding invoice?
The bookkeeper that I have taken over for never really paid any invoices and just created…
Reconciliation for Dec 1-31 showing -$1208.03 outstanding. This amount entered in Nov thru Gen J as a transfer from savings to chequing acct (db bank, cr savings and cleared in Nov rec). The Dec bank rec beginning balance and ending balance match, except…
I (foolishly) adjusted a payables invoice several months after I'd reconciled the Credit Card account from which I paid the invoice.I did this as part of my year end review of my books (year-end is Sept 30). (The adjustment was to move the expense to…
Hello everyone, I'm new here. I transferred $1000 from our US account to our Canadian account and failed to use the correct exchange rate. When I tried to reconcile the Canadian account, I found out that the amount in the Canadian bank statement was 3414…
I have a cheque on my outstanding list that is not valid. I cleared the cheque in my February bank reconciliation. Then after I posted the reconciliation I adjusted the cheque because I needed to reallocate the expense to a different account.Then in March…
Hi Sage
thanks you for your help.
I did the change the ending balance , when I changed the date, and I did clear May entries when I change the date back from April to May, the Outstanding and the Unresolved still show the difference of Debit…
Hi
I have bank reconciliation problem, At beginning, i did bank reconciliation for April and May, that is meaning the starting day is Apr 1 and the ending day is MAY 31,2015, It is perfectly balance, by the way, I didn't post, just print the report…
in March (previous fiscal year) we posted an invoice and cheque; it did not clear in March and so is carried over into the new fiscal year. in the meantime we have reconciled the March bank, closed the 2015 year and opened 2016. Now in April we are informed…
Hi all,
I would like some help to create an account where I can deposit my cheques and cash until i go to the bank. I want to be able to create a receipt once i get the cheque or cash but since its not in the bank yet, i dont want it to go in my bank…
I have 8 stores and I maintain separate accounting for each store. I bring the data together in a consolidated file in order to generate my financials. All 8 stores use the same bank account. Up until now, I have been doing the bank reconciliation manually…
I have a new client that has many outstanding payables from a few years ago. These were paid either by chq, or cash but was never cleared through the accounts and therefore outstanding, I would like to clear this up so that it will be current and accurate…
I am entering all the payable and receivables for a ltd company for 2014.
The owner used a credit card for personal and business expenses and used the business bank account to pay for the credit card bill. How do I record the personal expenses so the…
I received a cheque from a customer, and entered it in receipts $2000.00. Later I did up a bank deposit, I added the cheque to the bank deposit under reconciliation and deposits. all seemed good It showed a deposit slip for $2000.00. I processed it. When…
